conniem123
Employee Tax Expert

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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

https://turbotax.intuit.com/tax-tips/family/the-ins-and-outs-of-the-child-and-dependent-care-tax-cre...

 

Hope you find this helpful!

 

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