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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. 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.

  4. Child and dependent care tax credit issues - ttlc.intuit.com

    ttlc.intuit.com/community/taxes/discussion/child-and-dependent-care-tax-credit...

    The child and dependent care credit is generally worth 20% to 35% of up to $3,000 (for one qualifying dependent) or $6,000 (for two or more qualifying dependents). This means that the maximum child and dependent care credit is $1,050 for one dependent or $2,100 for two or more dependents. How much of the credit you're eligible for depends on ...

  5. 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.

  6. 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.

  7. 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.

  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. Dependent Care Expense account reported in Box 10 as Dependent...

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

    Yes, if you spent the whole $3,000 on child care expenses, and did not make any contributions to a dependent care FSA (box 10 on the W-2). But as you see on form 2441, the percentage that you can use varies between 35% and 20% depending on your adjusted gross income. January 28, 20217:39 PM.

  10. Turbotax won't let me enter Child and Dependent Care Credit info....

    ttlc.intuit.com/community/tax-credits-deductions/discussion/turbotax-won-t-let...

    - click Edit/Add for the Dependent Care Credit deduction - answer Yes for the question "Did you pay for child and dependent care in 2021?" - answer Yes for the "principal place of residence in the U.S." question - answer "None of the above" for both my spouse and I in the Tell Us More screen . I am bounced back out to the main Deductions ...

  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.