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Is there a way to find out if putting my daycare costs in is worth me upgrading to deluxe. Don't know if it would change my refund how would I find out before deciding?

 
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JohnW15
Intuit Alumni

Is there a way to find out if putting my daycare costs in is worth me upgrading to deluxe. Don't know if it would change my refund how would I find out before deciding?

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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JohnW15
Intuit Alumni

Is there a way to find out if putting my daycare costs in is worth me upgrading to deluxe. Don't know if it would change my refund how would I find out before deciding?

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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