In trying to complete child and dependent care credit in TT home and business 2019, I'm prompted to confirm questions regarding income <$6000. or disabled or a student when this is not the case. What gives? Already showed significant income earlier
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Do you have a net profit from the self-employment?
Check the W-2 entries and if there were W-2's for each of you make sure that all the W-2's were not reported for only one person.
No self employment
Two w2s with combined total income of >$100,000. which clearly shows in TT
@MJM10 wrote:
No self employment
Two w2s with combined total income of >$100,000. which clearly shows in TT
Go back to the W-2 section and verify that the W-2's entered were not all assigned to only one person.
What exactly does it say? I don't know if it's saying 6,000 for income, the max credit you can get is 6,000. Are you filing a Joint return? Make sure you didn't say that you or your spouse is being claimed as a dependent under My Info.
"Because you entered <$6000. of earned income for both "husband" and "wife", we need to know if either of you were a fulltime student or disabled in order to calculate the max credit". I entered "no".
I don't understand the question given our combined income >$100,000. entered earlier.
Notwithstanding we did get the expected child care credit of 20% of expenditure. and the worksheet showed the correct income numbers and calculations.
there is a known bug; let's hope it is fixed in the next TT update (Thursday??)
I have the same issue. Double checked and everything is correct: Married filing jointly, not dependents of anyone, W-2s are correctly assigned.
@kim_w - as i noted, there is a known bug - wait for the next TT update and let's see if it's fixed
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