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Level 1
June 3, 2019
Question

Am I not allowed to deduct childcare/daycare expenses? I am claiming one child and get the $2,000 credit. Is that all I can do?

  • June 3, 2019
  • 1 reply
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    1 reply

    June 3, 2019
    The Child and Dependent Care Credit is worth anywhere from 20% to 35% of your qualified expenses, up to $3,000 (for one qualifying person). Your percentage depends on your AGI, with the higher percentages applying to lower incomes and vice-versa. For a detailed explanation about how this credit works, please see the following. https://ttlc.intuit.com/replies/3301418