DMarkM1
Expert Alumni

Deductions & credits

As @rjs states dependent care expenses lead to a credit that is a percentage of those expenses and are not a deduction from income. 

 

The difference being a credit is dollar for dollar off your tax bill whereas a deduction simply reduces your income and thus only reduces your tax bill according to your tax bracket. 

 

 

 

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"