Qualified employers use Form 8882 to request a credit for employer-provided childcare facilities and services. Section 45F provides credit based on costs incurred by an employer in providing childcare facilities and resource and referral services. The credit is 25% of the qualified childcare expenditures plus 10% of the qualified childcare resource and referral expenditures for the tax year, up to a maximum credit of $150,000 per tax year.
US Code:
26 USC 45F
Name of Law: Employer Provided Child Care Credit
The agency has adjusted its estimated annual number of responses based on current data. The number of forms received for processing in 2014 was 286. This results in a decrease of both responses (666,380) and hours (2,458,943). There are a couple of other tax benefits for employers and employees that are being taken advantage of reducing the number of Form 8882 being received.
$50
No
No
No
No
No
Uncollected
George Angus 240 613-5666
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Form 8882 Form 8882--Credit for Employer-Provided Childcare Facilities and Services
Supporting Statement Final.doc
Form 8882--Credit for Employer-Provided Childcare Facilities and Services