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Is there a way to determine the actual payout for claiming dependants and childcare ?

 
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DMarkM1
Employee Tax Expert

Is there a way to determine the actual payout for claiming dependants and childcare ?

Yes. After completing your federal interview with all  your dependents and any childcare expenses, you can view your form 1040 and Schedule 3 to see the credits on your return.  You will be looking for form 1040 lines 19, 20, 27 and 28.  You can see the break out of line 20 by looking at Schedule 3.  Additionally, if the dependents qualify you for Head of Household filing you will see the increased standard deduction on line 12.

 

In desktop versions use the "forms mode."

 

In online TurboTax online versions:

 

  1. "Tax Tools" in the left hand menu
  2. "Tools"
  3. "View Tax Summary" in the main screen
  4. "Preview my 1040" in the left hand menu
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2 Replies
DMarkM1
Employee Tax Expert

Is there a way to determine the actual payout for claiming dependants and childcare ?

Yes. After completing your federal interview with all  your dependents and any childcare expenses, you can view your form 1040 and Schedule 3 to see the credits on your return.  You will be looking for form 1040 lines 19, 20, 27 and 28.  You can see the break out of line 20 by looking at Schedule 3.  Additionally, if the dependents qualify you for Head of Household filing you will see the increased standard deduction on line 12.

 

In desktop versions use the "forms mode."

 

In online TurboTax online versions:

 

  1. "Tax Tools" in the left hand menu
  2. "Tools"
  3. "View Tax Summary" in the main screen
  4. "Preview my 1040" in the left hand menu
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Is there a way to determine the actual payout for claiming dependants and childcare ?

There is no "payout" for the childcare credit.  That credit is not refundable.  It is used only to reduce your tax owed.   It was refundable for 2021, but the law changed for 2022.

 

As for other refundable child-related credits,

 

 

Look at your 2022 Form 1040 to see the child-related credits you received

 

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

 

Child Tax Credit line 19

Credit for Other Dependents line 19

Earned Income Credit line 27

Additional Child Tax Credit line 28

**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.**

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