Many families depend on childcare. Childcare, at most, is licensed and very expensive center-based daycare is also unaffordable for many families of low to moderate means. However, the federal tax credit for charitable donations may be a potential target for this offset. If the family has any unused money that can be put towards a good cause, then it would probably be better if the money is used towards the purchase of children’s products rather than towards the costs of daycare.
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Since children’s products are quite likely to be much less expensive than childcare services, a lot of money is saved. Furthermore, if the charitable donations are used towards a particular project that aids in the education of children in low income groups, then the amount of money required is not very high. If the family is planning to set up its own daycare facility, then there are still more benefits of using children’s products instead of paying for daycare.
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