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The following FAQs can help you learn if you are eligible and if eligible, how to calculate your credit. Further information is found below and in IRS Publication 503, Child and Dependent Care Expenses. For information regarding changes to the credit for 2021 only, see Q6 through Q14. Q1. Am I eligible to claim the credit? (updated August 24, 2021)
You may be able to claim the credit if you pay someone to care for your dependent who is under age 13 or for your spouse or dependent who isn't able to care for themselves. The credit can be up to 35% of your employment-related expenses.
The child and dependent care tax credit is a tax break for working people with qualifying dependents. It can help to offset the costs of caregiving expenses.
If you paid someone to care for a child who was under age 13 when the care was provided and whom you claim as a dependent on your tax return, you may qualify for the Child and Dependent Care Credit.
Your eligibility to claim the child and dependent care credit will depend on the amount you paid to care for a qualifying child, spouse, or other dependent. Find out how the child and dependent care credit works, if you qualify, and how to report the claim on your tax return.
What is the child and dependent care credit? This credit allows taxpayers to reduce their tax by a portion of their child and dependent care expenses. The credit may be claimed by taxpayers who, in order to work or look for work, pay someone to take care of their qualifying person. A qualifying person is a:
What Is the Child and Dependent Care Credit? The child and dependent care credit is a tax credit offered to taxpayers who pay out-of-pocket expenses for childcare. The credit provides relief...
The Child and Dependent Care Tax Credit is aimed at supporting families to offset the costs associated with child care or care for a dependent with a disability. It is a credit that is provided to qualifying taxpayers who pay for child or dependent care expenses.
Dependent Care Tax Credit. The Dependent Care Tax Credit provides a maximum of 35% of eligible childcare expenses paid during the year as a tax credit.
It ex-plains how to figure and claim the credit. You may be able to claim the credit if you pay someone to care for your dependent who is under age 13 or for your spouse or dependent who isn't able to care for them-selves. The credit can be up to 35% of your employ-ment-related expenses.