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Get your taxes done using TurboTax
No, TurboTax isn't saying your wife's income must be $6,000 to get the credit. TurboTax is asking if the reason she earned so little is because she is a student, or disabled.
The Child and Dependent Care Credit is limited to a percentage of the lower earning spouse's income.
In your case your credit will be limited to a percentage of $2,024, which is her income. If she were also a student, or disabled, the credit would be based on $6,000 instead of her earned income.
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March 17, 2024
9:41 AM