Do You Qualify For Child Care Tax Credit Or Dependent Care Credit?

The federal government recognizes that caringdisabled parent, or mentally or physically
for children or a dependent can be a financialchallenged child, they can qualify as long as they
burden, and may allow you a tax credit on yourlive with you for more than six months. You can
income tax debt. You can reduce your tax debt ifclaim up to 35% of their care expenses, up to
you qualify for the child care tax credit.$3,000 for one person or $6,000 for two or
If you have children or a dependent that you paymore.
someone else to care for while you look for workYou can apply for this child or dependent care
or while you work, you probably qualify for thiscredit if you are employed and file as a single,
tax relief. This child and dependent care tax credithead of household, or married filing jointly. If you
may result in a bigger tax refund!receive dependent or child care benefits form
How can I qualify for this tax credit?your employer, this amount will be figured into the
Your child must be less than 13 years old. Youformula.
must be paying someone else to care for them,Why wouldn't I apply for this credit?
this cannot be a spouse or a child of your ownThere is no reason that I can think of, as long as
under 19 years of age. The person you pay mustyour qualify. You should take advantage of the
not be a dependent of yours. An after school orchild care tax credit or dependent care credit.
latch-key program may qualify, but regular schoolWhy not take every legal advantage when you
expenses are not allowed.file your income tax. You may qualify for a tax
If you are caring for a spouse, or dependentrefund, and this credit can help. If you are a
person who cannot care for themselves, theyparent or caring for a dependent person you
can be any age. For instance, if you care for adeserve this tax break!