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Deductions & credits
@mr-history39 - YES. There are significant changes to the 2021 Child Care Credit deduction.
First, the maximum percentage for 2021 is bumped up from 35% to 50%. More paid expenses are subject to the credit, too. Instead of up to $3,000 in expenses for one child and $6,000 for two or more, the American Rescue Plan Act allows the credit for up to $8,000 in expenses for one child and $16,000 for multiple kids.
Use this link for more information: IRS Expanded Credits for Families
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March 1, 2022
11:30 AM