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Joe-G
New Member

Can i claim the dependent care credit if i had a business loss?

I am employed and have a W2
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1 Reply
ErnieS0
Expert Alumni

Can i claim the dependent care credit if i had a business loss?

Possibly. The amount of the child and dependent care credit is based on your earned income. A business loss will reduce your earned income.

 

In some cases, this may be helpful because the credit percentage is higher for lower incomes.

 

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