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Level 2
posted Jan 23, 2020 4:54:08 AM

Daycare expenses

I paid 430.00 in childcare expenses what would my credit be ?

0 3 694
3 Replies
Level 15
Jan 23, 2020 1:11:06 PM

Were these expenses incurred so that you could work or go to school?

 

Level 2
Jan 24, 2020 9:37:25 PM

Yes I went to work. 

Expert Alumni
Jan 27, 2020 12:39:58 PM

The criteria for the Child Care Tax Credit is:

 

  1. A dependent child cannot have turned 13 in the taxable year.
  2. If you’re married, you must file as married filing jointly.
  3. You must have a job with earned income
  4. You must provide the care provider’s name, address and Taxpayer Identification Number

 

The Child Care Credit can get 20% to 35% of up to $3,000 of of the cost of child care for a child under  the age of 13.