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Eileen Restrepo, CRPC*
Vice President, Wealth Management
Dade County Federal Wealth Management
Located at Dade County Federal Credit Union
1500 NW 107th Avenue, Sweetwater, FL 33172
786-845-3183 Direct Line call/text
Email: e.restrepo@lpl.com
CRPC conferred by College for Financial Planning
March/April 2026
Family Tax Credits
In 2026, there are some changes to the credits related to families and children, most notably the Child Tax Credit and the Child and Dependent Care Tax Credit. These credits include a phase-out structure based on certain income thresholds.
The Child Tax Credit
For 2026, the amount is $2,200 per qualifying child. In the future, under OBBBA, the credit amount will be adjusted annually for inflation. The credit phases out for higher-income taxpayers, starting at $400,000 for couples filing jointly and $200,000 for single filers. The phase-out reduces the credit amount by 5% for every dollar earned above these thresholds.Child and Dependent Care Tax Credit
OBBBA introduced two key changes to the Child Dependent Care Tax Credit that take effect in 2026. The tax credit calculation increased from 35% to 50% of qualifying dependent care expenses. Also, there's a new phaseout structure with two tiers based on adjusted gross income (AGI). In the first tier, the credit percentage is reduced by 1% for each $2,000 of AGI over $15,000. The rate cannot be reduced below 35% in this phase. In the second tier, for AGIs above $75,000 ($150,000 for joint filers), the percentage is further reduced by 1% for each $2,000 ($4,000 for joint filers) over that threshold. The floor remains at 20%. The qualifying dependent care expense cap remains $3,000 for one child and $6,000 for two or more dependents.843438
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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Dade County Federal Credit Union and Dade County Federal Wealth Management are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Dade County Federal Wealth Management, and may also be employees of Dade County Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Dade County Federal Credit Union or Dade County Federal Wealth Management. Securities and insurance offered through LPL or its affiliates are:
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