There are two federal tax credits that aim to support families with young children. The Child and Dependent Care Tax Credit (CDCTC) is targeted to help working families offset the cost of child care, while the Child Tax Credit (CTC) supports families in managing the high costs of raising a child, and is most often used to cover everyday household expenses. Enhancing both of these credits would have a real impact on the economic stability of families, leading to long-term benefits for young children and families. (author abstract)