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Why cant i claim child care expenses
Your
taxable income is $0 because your adjusted gross income of $xxxxxis
less than your $xxxxxxx of total deductions and your $xxxxx of total
exemptions combined.
It also explains below
Your effective tax rate is -5.98%. This percentage is based off your regular income tax (not including any self employment tax), minus certain credits, divided by your adjusted gross income.
Since your credits add up to more than your tax for the year, you have a negative effective tax rate.
Can someone explain this please? I have custody and the EIN numbers to claim the credit
Can someone explain this please? I have custody and the EIN numbers to claim the credit
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Why cant i claim child care expenses
The childcare credit is not a refund. It can reduce the amount of tax you owe. Since you do not owe anything, the childcare credit does not benefit you.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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Why cant i claim child care expenses
The childcare credit is not a refund. It can reduce the amount of tax you owe. Since you do not owe anything, the childcare credit does not benefit you.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**