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wickett32003
New Member

Why won't turbotax bring up nm childcare credit when doing state taxes?

 
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Accepted Solutions
CherylW
Level 3

Why won't turbotax bring up nm childcare credit when doing state taxes?

Here are the qualifications to receive NM's child care tax credit:

  • Your adjusted gross income must not exceed $30,160
  • Filer must have provided over half the cost of maintaining a household for one or more qualifying dependents for any portion of the tax year for which the credit is claimed.
  • Filer must not have been a recipient of public assistance under TANF, the New Mexico Works Act, or any similar program during the portion of the tax year for which the credit is claimed.
  • Qualifying expenses must be from care given in New Mexico for children under age fifteen, up to $8/day per child.

If you meet all of these qualifications and still are not receiving the credit, post back to this thread.



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1 Reply
CherylW
Level 3

Why won't turbotax bring up nm childcare credit when doing state taxes?

Here are the qualifications to receive NM's child care tax credit:

  • Your adjusted gross income must not exceed $30,160
  • Filer must have provided over half the cost of maintaining a household for one or more qualifying dependents for any portion of the tax year for which the credit is claimed.
  • Filer must not have been a recipient of public assistance under TANF, the New Mexico Works Act, or any similar program during the portion of the tax year for which the credit is claimed.
  • Qualifying expenses must be from care given in New Mexico for children under age fifteen, up to $8/day per child.

If you meet all of these qualifications and still are not receiving the credit, post back to this thread.



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