Are you an employer seeking ways to attract and retain top talent? The IRS Taxpayer Advocate Service (TAS) recently highlighted a tax-smart strategy for employers that provide childcare services to their staff members. They may qualify for a credit of up to $150,000. Qualifying expenditures include the purchase, construction, expansion, or rehabilitation of a childcare facility, as well as related operating expenses. Or employers may choose to contract with a qualified childcare facility to provide such services. The credit is claimed on Form 8882 (Credit for Employer-Provided Childcare Facilities and Services). Contact us with questions or learn more from TAS: https://bit.ly/4c8m8Sv
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