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Child care providers—Apply now for the School Readiness Tax Credit

In 2016, Nebraska became the second state in the nation to offer a tax credit to encourage early childhood professionals and programs to deliver high-quality services to our state’s youngest children. But there was a problem—technical errors in the language of the School Readiness Tax Credit Act prevented too many child care professionals—especially self-employed providers—from taking advantage of these financial benefits.

Working together, Nebraska’s early childhood community and state legislators got it fixed.

Refundable and nonrefundable credits will be available to more child care professionals and programs through the 2020 tax year, but time is running out to claim them on your 2020 tax return. NOW is the time to apply. We encourage you to use our step-by-step guides to help you move through the application process. Click on the graphics below to see the full documents. 

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Key Dates

February 1, 2021: Deadline to complete the Attestation Form in the Nebraska Early Childhood Professional Records System (NECPRS). This document is necessary for self-employed child care providers or staff members to apply for the refundable tax credit.

March 1, 2021: Deadline for completed applications to be submitted to the Nebraska Department of Revenue for both the refundable and nonrefundable tax credits.

Remember, it can take up to 6 weeks for your documents to be processed by state agencies, so act now to begin the application process to meet upcoming deadlines.

To learn more about eligibility for these credits, consult:

Step Up to Quality: https://www.education.ne.gov/stepuptoquality/providers-educators/resources/tax-credits/
Nebraska Department of Revenue: https://revenue.nebraska.gov/about/information-guides/school-readiness-tax-credit-act

Our state’s early childhood community needs access to financial supports that will enable them to continue providing a crucial service to Nebraska’s working parents, employers and economy. Using the School Readiness Tax Credit sends a clear signal to policymakers that these supports play an important role in keeping Nebraska’s child care industry strong and growing.

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