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The credit is calculated based on your income and a percentage of expenses that you incur for the care of qualifying persons to enable you to go to work, look for work, or attend school.
To qualify for this credit, you must meet all of these criteria:
For more information please check: Child and Dependent Care Credit
Just enter your income and the child care expenses in the program when prompted and the program will compute the allowed credit. It will be a max of 50% of the lesser of your earned income, the amount you paid for child care or the max allowed of $8,000 or $16,000.
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