Federal Child and Dependent Care Expenses Credit
What is it?
If you paid someone to care for a child or a dependent so you could work, you may be able to reduce your federal income tax by claiming the Credit for Child and Dependent Care expenses on your tax return. This Credit is available to people who, in order to work or to look for work, have to pay for child care services for dependents under age 13. The Credit is also available if you paid for the care of a spouse or a dependent of any age who is physically or mentally incapable of self-care.
Are You Eligible?
The expenses you paid must have been for the care of one or more of the following qualifying individuals:
The credit is a percentage, based upon your adjusted gross income, of the amount of work-related child and dependent care expenses you paid to a care provider. There is a maximum dollar limit of dependent care expenses you can use for this credit. The amount of the maximum dollar limit depends on earned income, the taxable year, and the number of qualifying individuals. These dollar limits must be reduced by the amount of any dependent care benefits provided by your employer that you may exclude from your income.
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If you paid someone to care for a child or a dependent so you could work, you may be able to reduce your federal income tax by claiming the Credit for Child and Dependent Care expenses on your tax return. This Credit is available to people who, in order to work or to look for work, have to pay for child care services for dependents under age 13. The Credit is also available if you paid for the care of a spouse or a dependent of any age who is physically or mentally incapable of self-care.
Are You Eligible?
The expenses you paid must have been for the care of one or more of the following qualifying individuals:
• Your dependent who was under age 13 when care was provided.
• Your spouse who was mentally or physically not able to care for himself or herself and who had the same principal place of abode as you for more than one-half of the year, or
• Your dependent (or an individual who would have been your dependent except that the individual's gross income is equal to or greater than $3,650 (for taxable years beginning in 2009), the individual filed a joint return, or the individual is a dependent of another taxpayer) who was physically or mentally not able to care for himself or herself, for whom you can claim an exemption, and who had the same principal place of abode as you for more than one-half of the year.
• Your spouse who was mentally or physically not able to care for himself or herself and who had the same principal place of abode as you for more than one-half of the year, or
• Your dependent (or an individual who would have been your dependent except that the individual's gross income is equal to or greater than $3,650 (for taxable years beginning in 2009), the individual filed a joint return, or the individual is a dependent of another taxpayer) who was physically or mentally not able to care for himself or herself, for whom you can claim an exemption, and who had the same principal place of abode as you for more than one-half of the year.
The credit is a percentage, based upon your adjusted gross income, of the amount of work-related child and dependent care expenses you paid to a care provider. There is a maximum dollar limit of dependent care expenses you can use for this credit. The amount of the maximum dollar limit depends on earned income, the taxable year, and the number of qualifying individuals. These dollar limits must be reduced by the amount of any dependent care benefits provided by your employer that you may exclude from your income.
How To Apply
Volunteer Income Tax Assistance Hotline: 1-800-906-9887
Hours of Operation: Monday - Friday, 7:00 a.m. - 10:00 p.m. your local time (Alaska & Hawaii follow Pacific Time)
Website: www.irs.gov/newsroom/article/0 ,,id=106429,00.html
I-CAN!® E-file can help you file your taxes for FREE. There is no income limit to use I-CAN!® E-file. Just answer simple questions on each screen and print your completed tax return. I-CAN!® E-file can also e-file (electronically file) your return to the IRS.
www.icanefile.org
WE Connect Resource Map
Click here to find free tax preparation sites near you
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