How do I claim the refundable child care tax credit on form 7203

Forum|Forum|1 year ago
January 23, 2025
2 replies
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I have a certification number and a reserved credit amount stating that I was approved for the child care refundable tax credit

Opus 17

Employee

Form 7203 is used for S-corporations. Can you explain your situation in more detail?

jalesareedAuthor

yes I was given a form 7203 for the refundable child care tax credit that just started for this year... I'm trying to figure out where would I add that in turbo tax when filing?

Opus 17

Employee

@jalesareed wrote:

yes I was given a form 7203 for the refundable child care tax credit that just started for this year... I'm trying to figure out where would I add that in turbo tax when filing?

This is specific to the State of Nebraska. It appears you can request the credit online.

https://revenue.nebraska.gov/tax-credits/child-care-tax-credit-act/child-care-refundable-tax-credit

If it is part of the state tax return, you would need to look in the state module after you finish adding information to your federal return. There will be a couple of pages of state-specific additional taxes and credits, read through those carefully.

CarthO94

I called into the TT assistance line and they do not have this loaded into TT, they advised to check back in a couple weeks as it is a new credit for NE.