What is the annual gross income to qualify for the child care credit?

Forum|Forum|2 years ago
January 29, 2024
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Best answer by JohnW152

If you're referring to the Child and Dependent Care credit reported on Form 2441, there's no minimum AGI to qualify -- you simply must have received earned income.

And, unlike most credits, there's not an upper limit at which the credit phases out. The Child and Dependent Care Credit gets smaller as adjusted gross income gets higher, but it doesn't completely disappear.

See the TurboTax blog The Ins and Outs of the Child and Dependent Care Credit for more information.

xmasbaby0

Level 15

Child care----for paying a babysitter while you work?

Or child tax credit?

https://ttlc.intuit.com/questions/1900643-what-is-the-child-and-dependent-care-credit

https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit

https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/additional-child-tax-credit/L6xFeMFEf_US_en_US?uid=lqnuygah

https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents

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JohnW152Answer

Level 15

If you're referring to the Child and Dependent Care credit reported on Form 2441, there's no minimum AGI to qualify -- you simply must have received earned income.

See the TurboTax blog The Ins and Outs of the Child and Dependent Care Credit for more information.