Deductions & credits

You must be asking about the increased child and dependent care credit.  You do not  necessarily "receive" $8000 per child.   You can get credit on your tax return for up to $8000 per child if you paid someone to take care of your child while you worked.   For 2021 tax returns the credit is a refundable credit, but if you paid less than $8000 per child for the daycare, you will not get more back than you paid, nor will you get back more than you earned from working.

 

 

The FAQ below explains the credit for 2020----for 2021 the amount is increased.  

 

https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-the-child-and-dependent-care-c...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**