"So 35% of $3000 ($1050) would be the max amount anyone would receive from the credit with one child, right?"
Yes, if you spent the whole $3,000 on child care expenses, and did not make any contributions to a dependent care FSA (box 10 on the W-2).
But as you see on form 2441, the percentage that you can use varies between 35% and 20% depending on your adjusted gross income.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
