The Child and Dependent Care Credit is a nonrefundable tax credit which is given to eligible taxpayers individuals in the US so that they can care for child and dependent.
The credit is nonrefundable, meaning that the credit amount is limited to the amount of taxes you owe.
The purpose of the credit is to allow the taxpayer to be gainfully employed.
Amount of Child and Dependent Care Credit
Adjusted Gross Income
Percentage of Costs
0 - $15,000
$15,001 - $43,000
34% - 21% (sliding scale)
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