- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Depends on how much you paid. If you have one kid there is a $3000 limit on what you paid counting. If you have two or more qualifying kids the limit is $6000. The tax credit is somewhere between 20 and 35% of what you paid (up to the $3000/6000). See <a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/f2441.pdf">https://www.irs.gov/pub/irs-pdf/f2441.pdf</a>. It is a non refundable credit (unlike EIC) and can only be used to offset an actual tax liability.
‎June 6, 2019
6:55 AM