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April 4, 2022
Question

Not allowing me to enter my daycare eid or expenses

  • April 4, 2022
  • 1 reply
  • 0 views
Why is my dependent care credit $0?

1 reply

ColeenD3
April 4, 2022

Did you earn income? If you did not work, you can't take the credit. This credit is for persons who need their child cared for so they can work.

 

Exception:

 

In general, the expenses claimed may not exceed the smaller of your earned income or your spouse's earned income. If you or your spouse is a full-time student or incapable of self-care, then you or your spouse is treated as having earned income for each month that you or your spouse is a full-time student or incapable of self-care. 

 

Qualifying Individual

A qualifying individual for the child and dependent care credit is:

  • Your dependent qualifying child who was under age 13 when the care was provided,
  • Your spouse who was physically or mentally incapable of self-care and lived with you for more than half of the year, or
  • An individual who was physically or mentally incapable of self-care, lived with you for more than half of the year, and either: (a) was your dependent; or (b) could have been your dependent except that he or she received gross income of $4,300 or more or filed a joint return, or you (or your spouse, if filing jointly) could have been claimed as a dependent on another taxpayer's 2021 return.