Child and Dependent Care Credit is auto filling for $1200.00. Even if the lowest amount of 20% of our child care expense were taken that would be over $4000.00.

[taintedsoulz]

We paid $20,250.00 last year for daycare for our 2 daughters.  I keep reading about this credit and everything says I should be getting a minimum of $4050.00 or a maximum of $7,087.50. Is Turbo Tax Broken again for the third year in a row or am I missing a factor? HELP

[Opus 17]

The maximum eligible expenses are $6000, and the credit is 20% of that (for most people).  In 2021 the limit was temporarily increased for the pandemic but that was just for one tax season.