DawnC
Expert Alumni

Deductions & credits

That looks right John!   You are getting a tax break on the full $10K.    You have $5k in wages that were not taxed.   And the remaining $5k that you paid out of pocket is eligible for the credit.   Your credit for eligible expenses is 50% (that is based on your AGI), so your Child and Dependent Credit is $2500.    You will see that on Schedule 3.   

 

@JohnL49 

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