A tax credit available to an employed individual or an individual seeking employment...
A federal income tax credit is allowed for a portion of the child care expenses paid by a taxpayer so he or she can work or attend school. To qualify for the credit, the taxpayer must maintain a household for certain qualifying dependents, such as a child or disabled parent.
An income tax credit for expenses paid to someone who cares for a taxpayer's child under age 13, or for a spouse or dependent who is not capable of self-care, to enable the taxpayer to work or look for work. The maximum federal credit is $1,050 per child for up to two children; the maximum Minnesota credit is $720 per child for up to two children. (House Fiscal Analysis Department)
A credit on tax liability, which is an amount based on a percentage of any sum spent on the care of a child or any other dependent by an employed person.
The tax law allows for a credit against tax of a certain percentage of employment-related child and dependent care expenses.
A nonrefundable credit, computed on Form 2441, permitted for a portion of qualifying child or dependent care expense paid for the purpose of allowing the taxpayer to be gainfully employed.
A tax credit in the amount of a percentage of the amount expended on child or dependent care by an employed individual.
This credit is available to people who, in order to work or to look for work, have to pay for child care services for dependents under age 13. The credit is also available if you paid for care of a spouse or a dependent of any age who is physically or mentally incapable of self-care. For more information, click here .
A tax credit of 20-30 percent of employment-related child and dependent care expenses for amounts of up to $4,800 is available to individuals who are employed and maintain a household for a dependent child or disabled spouse or dependent. The credit is computed on Form 2441 for Form 1040 filers and on Schedule 2 for Form 1040A filers.
A nonrefundable credit that you may be able to claim for paying for care of your dependent who is under age 13 or for your spouse or dependent who is not able to care for themselves. To qualify, these expenses must be paid so you can work or look for work.
