It seems that because my wife is a student, the exclusion for dependent care expenses for our son is reduced to $3,000, as that is her "earned income". Is this correct?

benjamin-fryer · ‎February 23, 2020

HelenC12 · ‎February 25, 2020

The maximum child care expenses that anybody can claim is $3,000 for one child.

The credit is worth anywhere from 20% to 35% of your qualified expenses, up to $3,000 (for one qualifying person) and $6,000 (for two or more qualifying persons).
Your percentage depends on your AGI, with the higher percentages applying to lower incomes and vice-versa.

TurboTax will determine your eligibility and calculate the maximum credit allowed.

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