2025-02074NoticeWallet

IRS Keeps Child Care Tax Form: Yawn-Worthy Renewal Alert

Published Date: 2/3/2025

Notice

Summary

The IRS wants to keep using Form 8882, which helps businesses claim a tax credit for providing child care services to employees. They’re asking for public comments by April 4, 2025, but there are no changes to the form or extra costs. This affects businesses and individuals who offer or use employer-provided child care benefits.

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Form 8882 Renewal Keeps Credit Available

The IRS is renewing its approval to keep using Form 8882 so employers can continue to claim the tax credit for employer-provided child care facilities and services. The submission is a renewal with no change in paperwork burden and is associated with OMB Number 1545-1809.

Paperwork Time Burden Remains for Respondents

Respondents who file Form 8882 face an estimated time burden of 3 hours and 41 minutes per filer. The IRS estimates 286 respondents and a total annual burden of 1,053 hours related to this information collection.

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Key Dates

Published Date
2/3/2025

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Internal Revenue Service
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