Step 1

Place cream cheese in a bowl and mix until creamy with an electric mixer. Add in powdered sugar and vanilla extract and mix until combined.

Step 2

Spread cream cheese mixture into a serving dish.

Step 3

Warm up the caramel dip in the microwave for 15-20 seconds to make it easier to spread.

Step 4

Spread caramel dip or sauce over the cream cheese mixture. Make sure to spread into an even layer.

Step 5

Top with toffee bits or chopped nuts.