Skip to main content
March 16, 2020
Question

How much do I have to pay out in a year for childcare to claim it on my taxes?

  • March 16, 2020
  • 1 reply
  • 0 views

I hired a babysitter but part time. How much has to be paid out to a babysitter in order to claim it on taxes?  Thank you 

1 reply

RobertG
March 16, 2020

There is no minimum amount, you should go ahead and enter it.

 

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.

 

You must furnish the care provider's name, address, and (unless it's a tax-exempt organization) their SSN, ITIN, or EIN on your return.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"