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Get your taxes done using TurboTax
The Child Tax Credit for 2022 is now worth up to $2,000 per qualifying child. It directly reduces the tax you owe. It can be limited if your adjusted gross income exceeds a specific amount based on your filing status.
The Child and Dependent Care Credit for 2022 has a maximum amount you can claim of $3,000 for one person, or $6,000 for two or more people. The percentage of your qualified expenses that you can claim ranges from 20% to 35%.
https://turbotax.intuit.com/tax-tips/family/child-tax-credit/L9ZIjdlZz
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‎October 26, 2022
9:15 AM