As shown in Figure 3, the average monthly cost of center-based infant child care increases by nearly $1,000 once these quality improvements are accounted for. 9. This is an extensive and detailed day care receiptÂ template which gives complete details about the operating expenses, facility expenses, vehicle expenditure details, time space calculation and amount received from clients. A day care centre budget should allot funds for the purchase of books, toys, games, music and other entertainment material for children. For example, subsidy increases can be designated specifically for workforce compensation for infant and toddler teachers—and states can look to targeted wage enhancement initiatives or teacher tax credits. The only purpose of this tax credit is to claim expenses back on the cost of daycare. This Credit is available to people who, in order to work or to look for work, have to pay for child care services for dependents under age 13. On average, child care for an infant costs 61 percent more than for a preschooler, yet child care subsidy rates are only 27 percent higher for infants than preschoolers. Fillable PDF Document (157 KB) / TPZ-1029.8.F.A-V / Childcare Expenses Qualifying for the Tax Credit: Fees and Number of Days of Care for 2021 version The sample budget in Table 2 below uses data from CAP’s cost model to illustrate the breakdown of expenses in a child care center’s infant classroom:21. Unfortunately, nearly 1 in 5 infants and toddlers in the United States live in poverty, leaving millions of children at risk of falling behind before they can even walk.6 The toxic stress associated with poverty can limit young children’s exposure to positive interactions and harm brain development. If you have plans for improvement and growth, you are moving in the right direction. Given the rapid brain development that occurs in the first three years of a child’s life and the impact early experiences have on future success, it is essential for this investment to be made early and for efforts to close the achievement gap not to wait until children enter kindergarten. Serving infants and toddlers alongside preschoolers is also key to financial solvency. In 2018, Congress provided a down payment on this legislation by expanding federal funding for child care assistance, but further investment is needed to address chronically low funding in the child care system. Center on the Developing Child at Harvard University, “InBrief: The Science of Early Childhood Development” (2007), available at, Center on the Developing Child at Harvard University, “Key Concepts: Serve and Return,” available at, KIDS COUNT Data Center, “Children in poverty by age group: United States,” available at, KIDS COUNT Data Center, “Children in poverty by race and ethnicity: United States,” available at, National Center for Education Statistics, “Early Childhood Longitudinal Program (ECLS): Birth Cohort (ECLS-B),” available at, See Hirokazu Yoshikawa and others, “Investing in Our Future: The Evidence Base on Preschool Education” (Washington: Society for Research in Child Development and New York: Foundation for Child Development, 2013), available at, Leila Schochet and Rasheed Malik, “2 Million Parents Forced to Make Career Sacrifices Due to Problems with Child Care,” Center for American Progress, September 13, 2017, available at, Michael Madowitz, Alex Rowell, and Katie Hamm, “Calculating the Hidden Cost of Interrupting a Career for Child Care” (Washington: Center for American Progress, 2016), available at, Rasheed Malik, “The Effects of Universal Preschool in Washington, D.C.” (Washington: Center for American Progress, 2018), available at, Josh Bivens and others, “It’s time for an ambitious national investment in America’s children” (Washington: Economic Policy Institute, 2016), available at, Jorge Luis Garcia and others, “Quantifying the Life-cycle Benefits of a Prototypical Early Childhood Program.” Working Paper 23479 (National Bureau of Economic Research, 2017), available at, Child Care Aware of America, “The US and the High Cost of Child Care: A Review of Prices and Proposed Solutions for a Broken System” (2018), available at, Office of Child Care, “How Are Center-Based Early Childhood Education Programs Funded?” (Fairfax, VA: State Capacity Building Center, 2017), available at, Administration for Children and Families, “Who is Providing Home-based Early Care and Education?” (Washington: Office of Planning, Research, and Evaluation, 2015), available at, See Center for American Progress, “Where Does Your Child Care Dollar Go?”, available at. 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