The Dependent Care Assistance Program (DCAP)

The Dependent Care Assistance Program (DCAP) :

A) is a federal government bloc grant that provides the states with money to help low-income working families pay for childcare.
B) is a federal program that allows an employer to provide up to $5,000 in assistance to employees to help them pay certain child and dependent care expenses, childcare included.
C) provides up to $500 per dependent child under age 17 for single taxpayers with income of $84,000 or less, and for married taxpayers with income of $119,000 or less.
D) is provided by about half of the state governments to provide a credit against income tax liability for childcare expenses for working taxpayers.