Cynthiad66
Expert Alumni

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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