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  2. I am confused about the Dependent Care Credit. Both my spouse ......

    ttlc.intuit.com/community/tax-credits-deductions/discussion/i-am-confused...

    CHILD AND DEPENDENT CARE CREDIT . You will not get the childcare credit until (unless) you enter income earned from working. The credit does not work unless you enter your income first. If you are filing a joint return you must show income for both spouses, or show that one or both of you was a student or disabled.

  3. What is the Child and Dependent Care Credit? - Intuit

    ttlc.intuit.com/.../taxation/child-dependent-care-credit/L8h8A5Klg_US_en_US

    The Child and Dependent Care Credit is worth as much as 35% of your qualified expenses, up to $3,000, (for one qualifying person), and $6,000 (for two or more qualifying persons). Your percentage depends on your AGI, with the higher percentages applying to lower incomes and vice-versa. For example, a married couple supporting two qualifying ...

  4. Child and Dependent Care Credit Error - Intuit

    ttlc.intuit.com/.../discussion/child-and-dependent-care-credit-error/00/2878428

    February 21, 2023 5:21 PM. As noted above, in terms of the FSA contribution, the maximum amount is $5,000, while for the credit, the maximum amounts are $3,000 for one child and $6,000 for two or more dependents. Any money spent on dependents over these amounts has no tax benefit.

  5. EIC or Dependent Care Credit Only - Intuit

    ttlc.intuit.com/.../discussion/eic-or-dependent-care-credit-only/00/1867125

    It also allows claiming a Qualified Child as a dependent beyond the age of 18 and would do nothing for a younger child. It also allows claiming the EIC if the child does not meed the dependent test if the only reason is the child's income pays more then half of the child's own support.

  6. Married filing separately - child dependent care credit - Intuit

    ttlc.intuit.com/community/taxes/discussion/married-filing-separately-child...

    Fairness doesn't usually enter into laws made by Congress. I suppose they had a good reason to deny the dependent care credit to MFS, but you would have to ask them (probably back in 1986). You can use a tax-free dependent care FSA to pay for care expenses even when married filing separately.

  7. Dependent Care FSA makes me ineligible for dependent care credit?...

    ttlc.intuit.com/community/tax-credits-deductions/discussion/dependent-care-fsa...

    Take the limit that applies to you and subtract the amount of the Dependent Care FSA amount listed in Box 10 of your W-2. If there is any limit left, you can use that amount to justify a credit. In other words, if you have one qualifying child, and 3,000 or more Dependent Care FSA, you are not eligible for a credit.

  8. How do I get to the Child and Dependent Care Credit in TurboTax?

    ttlc.intuit.com/.../get-child-dependent-care-credit-turbotax/L6feenCKi_US_en_US

    Note: If your TurboTax navigation looks different from what’s described here, learn more. If you're not in your return already, sign in to TurboTax. Select either Edit or Pick up where you left off under Deductions and Credits. Select You and Your Family. Select Start/Review next to Child and Other Dependent Tax Credits.

  9. Solved: Why is my dependent care credit only $200, not $1200 ......

    ttlc.intuit.com/community/tax-credits-deductions/discussion/why-is-my...

    The credit is correct. The FSA benefit is subtracted from the overall allowable total. If you provided care for 2 or more children, the maximum eligible cost is $6000.

  10. Child and Dependent Care Credit - Credit, but amount below ... -...

    ttlc.intuit.com/community/tax-credits-deductions/discussion/child-and...

    Open up TurboTax if not already opened. Click on " Federal ". Click on " Deductions and Credits ". Scroll down to " Dependent Care Credit ". Click " Edit/Add ". Click " Yes " to the first two questions (screens) On the next screen click on " Delete " next to the daycare provide listed. February 26, 2022 12:36 PM.

  11. "Child and Dependent Care Credit" endless loop - Intuit

    ttlc.intuit.com/.../child-and-dependent-care-credit-endless-loop/00/1283134

    A net loss from self-employment can reduce earned income and your ability to claim the credit. Both the taxpayer and spouse must have earned income to qualify. Child and Dependent Care Credit. Publication 503.