Child Care Tax Credits & ABLE Accounts: What Changed in the One Big Beautiful Bill

In this episode of BE Informed, I delve into the significant changes brought about by the One Big Beautiful Bill regarding child care tax credits and ABLE accounts. Join me as I explore the enhancements to the Dependent Care Assistance Program, including an increase in the annual exclusion limit and an improved Child and Dependent Care Tax Credit rate rising from 35% to 50%. I also discuss the adoption credit, which now offers a maximum of $17,280, with a portion being refundable. Additionally, I cover updates to ABLE accounts, including higher contribution limits and eligibility for the saver's credit starting in 2026. Tune in for an informative discussion on how these changes can impact your financial planning and assistance in navigating child care costs.