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First off, if you don’t have any tax due, there’s no point in filling out the Child and Dependent Care Credit form, since any credit will only offset any tax you owe.
But… if you do owe tax, you can make a good estimate of any
Child and Dependent Credit that you might have coming by printing and filling
out Form 2441, Child and
Dependent Care Expenses and filling it in with the information that you
have. It's a fairly straightforward form by IRS standards.
You can see the form instructions here. Hopefully this will give you enough information to know if an upgrade is worthwhile for you.
First off, if you don’t have any tax due, there’s no point in filling out the Child and Dependent Care Credit form, since any credit will only offset any tax you owe.
But… if you do owe tax, you can make a good estimate of any
Child and Dependent Credit that you might have coming by printing and filling
out Form 2441, Child and
Dependent Care Expenses and filling it in with the information that you
have. It's a fairly straightforward form by IRS standards.
You can see the form instructions here. Hopefully this will give you enough information to know if an upgrade is worthwhile for you.
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