NY Child and Dependent Care Credit#

The NY CDCC is a percentage of the federal CDCC with one modification: the maximum allowable childcare expenses under federal rules are replaced with NY-specific maximums (still dependent on the number of children).

from openfisca_us import IndividualSim, Microsimulation
import plotly.express as px

sim = IndividualSim()
sim.add_person(name="parent", age=30)
sim.add_person(name="child", age=6)
sim.add_tax_unit(
    members=["parent", "child"], tax_unit_childcare_expenses=10_000
)
sim.add_household(members=["parent", "child"], state_code="NY")
sim.vary("employment_income")

px.line(
    y=sim.calc("ny_cdcc")[0],
    x=sim.calc("employment_income")[0],
).update_layout(
    yaxis_tickformat="$,.0f",
    xaxis_tickformat="$,.0f",
    height=800,
    width=800,
    xaxis_title="Earnings",
    yaxis_title="NY CDCC",
    title="NY CDCC by employment income ($10k childcare expenses, 1 child)",
    template="plotly_white",
)