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Level 1
January 27, 2023
Question

How can I see why a credit I am claiming is lower than expected?

  • January 27, 2023
  • 2 replies
  • 11 views
The Dependent Care credit says I can can claim up to 20% but my credit it only 3% of my childcare expenses. Why?

2 replies

Level 15
January 27, 2023

The childcare credit for 2022 is not refundable.  It can only reduce your tax liability to zero.  It is not added to your refund.  The tax law changed from 2021 to 2022.

 

 

https://ttlc.intuit.com/questions/1900643-what-is-the-child-and-dependent-care-credit

**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.**
Mike9241
Level 15
Level 15
January 27, 2023

look at form 2441.

Mike9241