You'll need to sign in or create an account to connect with an expert.
No,only taxable compensation is included in the calculation for the Child Care Credit. See this link, under You Must Have Earned Income.
"Generally, only taxable compensation is included. For example, foreign earned income and Medicaid waiver payments you exclude from income aren't included. However, you can elect to include nontaxable combat pay in earned income."
No,only taxable compensation is included in the calculation for the Child Care Credit. See this link, under You Must Have Earned Income.
"Generally, only taxable compensation is included. For example, foreign earned income and Medicaid waiver payments you exclude from income aren't included. However, you can elect to include nontaxable combat pay in earned income."
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
fischerman111
Returning Member
dontknowtaxes2024
New Member
adamtki69
New Member
cvik19
Returning Member
napoleonzhen
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.