To add more expenses for the same child:
- Login to your account.
- Select Federal from the left menu.
- Go to Deductions and Credits.
- Scroll down to Child and Dependent Care Credit and click Update.
- Answer Yes to the question " Do you want to review you Child and Dependent Care Credit information?"
- Continue to the screen Here is what you spent on Care providers.
- Select Add another care Provider
Here are some important points to consider:
1. For TY21, the credit is refundable. Even if your credit exceeds the amount of Federal income tax that you owe, the excess of credit over tax liability will be refunded to taxpayers
2. The credit is worth 50% of eligible expenses
• Max of $4,000 ($8,000 in expenses) for one qualifying individual
• Max of $8,000 ($16,000 in expenses) for two or more individual
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