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January 30, 2024
Question

Should I only being getting back $600 dollars for child care when I paid over $10,000

  • January 30, 2024
  • 1 reply
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1 reply

January 30, 2024

Perhaps, so.  We are not able to see your tax return.

 

There are several limitations on the Child and Dependent Care Credit.

 

  • First, there is a $3,000 limitation per child,
  • Next, there is a maximum of two children @ $3,000 each equals $6,000.
  • Finally, the credit amount is a percentage that ranges from 20% to 35%.

 

 

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