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Dependent Care Credit only $600 applied by TurboTax, actual expense is $8k, so shouldn’t $3k applied instead?married filing joint with 5 yrs old child as dependent

 
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1 Reply
AnnetteB6
Expert Alumni

Dependent Care Credit only $600 applied by TurboTax, actual expense is $8k, so shouldn’t $3k applied instead?married filing joint with 5 yrs old child as dependent

There is a phase-out range for the Child and Dependent Care Credit.  If you did not get the full credit amount, it may have been reduced by the phase-out.

 

To see the phase-out limits, take a look at the following link:

 

IRS Publication 503 Child and Dependent Care Expenses

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