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Deductions & credits
If you are self-employed but show a loss, you will not be able to get the childcare credit. When you file a joint return and use the childcare credit --there must be earned income shown for both parents--unless one of the parents is a student or is disabled.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
March 14, 2023
9:53 AM