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Deductions & credits
No, you're probably not doing anything wrong.
- For the 2021 tax year only, the Child and Dependent Care Credit expanded in several ways under the American Rescue Plan. The percentage and the child care expense thresholds changed, so you can get a credit up to 50% of $8,000 ($4,000) in child care expenses for one child under 13, an incapacitated spouse or parent, or another dependent so that you can work and up to 50% of $16,000 in expenses ($8,000) for families with two or more dependents.
For additional information, see What is the Expanded Child and Dependent Care Credit?
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‎February 3, 2022
8:26 AM
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