Verbatim Text: Why don't I have a Child and Dependent Care Credit? Since your $18,200 in care expenses wasn't enough to use up the $5,000 you contributed to your employer's dependent care plan, your Child and Dependent Care Credit is $0. The $2,000 of unspent care benefits will be added to your W-2 as taxable income.
How many children do you have in childcare?
For one child, the max amount of work-related expenses you can claim for the credit is $3,000 and this amount has to be reduced by any tax free dependent care benefits that you received. Since you had $5,000 in benefits, you wouldn't qualify for the credit for just one child.
For more than one child, the max amount of work-related expenses you can clam is $6,000 and this also has to be reduced by tax free dependent care benefits. In this case, you should qualify for a credit based on $1,000 of qualified expenses.
If you'd like, we can look at your return and see exactly what you see to help come to a resolution. The return will be scrubbed and won't include any of your personal details.
If you're using TurboTax Online:
Once you're logged in to your account and have your amended return open,
- on the left hand panel, click on Tax Tools and then choose Tools
- on the pop up window, select Share my file with Agent
- you'll see a message saying you'll give us a copy of your tax return. Your personal information will be changed so we can't see any private information.
- click okay and you'll get another message with a token
If you're using TurboTax Desktop:
Please reply to this message with your token so that we can further assist you. Let us know all other states that are included on the return.