It depends. Child and dependent care expenses have changed for 2021. You are now able to get a credit for up to 50% of eligible expenses. You've done your research and already know you are eligible for 20% based on your income. However you didn't clarify whether you have two or more children. The answer assumes you do.
The amount of eligible expenses has increased from $3,000 for one qualifying person to $8,000. Additionally, for those with two or more qualifying persons, the amount of eligible expenses has increased from $6,000 to $16,000.
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