Child Care Tax Credit and Dependent Care Credit 2009, 2010
June 20, 2010 by JoelC2009
Do You Qualify For Child Care Tax Credit Or Dependent Care Credit?
You can reduce your tax debt if you qualify for the child care tax credit.
The federal government recognizes that caring for children or a dependent can be a financial burden, and may allow you a tax credit on your income tax debt.
If you have children or a dependent that you pay someone else to care for while you look for work or while you work, you probably qualify for this tax relief. This child and dependent care tax credit may result in a bigger tax refund!
How can I qualify for this tax credit?
Your child must be less than 13 years old. You must be paying someone else to care for them, this cannot be a spouse or a child of your own under 19 years of age. The person you pay must not be a dependent of yours. An after school or latch-key program may qualify, but regular school expenses are not allowed.
If you are caring for a spouse, or dependent person who cannot care for themselves, they can be any age. For instance, if you care for a disabled parent, or mentally or physically challenged child, they can qualify as long as they live with you for more than six months. You can claim up to 35% of their care expenses, up to $3,000 for one person or $6,000 for two or more.
You can apply for this child or dependent care credit if you are employed and file as a single, head of household, or married filing jointly. If you receive dependent or child care benefits form your employer, this amount will be figured into the formula.
Why wouldn’t I apply for this credit?
There is no reason that I can think of, as long as your qualify. You should take advantage of the child care tax credit or dependent care credit. Why not take every legal advantage when you file your income tax. You may qualify for a tax refund, and this credit can help. If you are a parent or caring for a dependent person you deserve this tax break!
Cradle? In those days the switch (another word perhaps) served both to support the hand-set and to connect/disconnect.
Edit – To the sweetheart who gave me the thumbs down.
Webster's 10th Collegiate Dictionary:
Cradle – n – (2) : the support for a telephone receiver or handset.
If there were to be a woman VP is should have been Hillary Clinton. This woman, Ms. Palin has 5 children and she's going to leave them??? I stayed at home to watch my children until they were old enough before I went back to work. What if this baby gets sick and she's in another country? Be a mother FIRST. There are already too many latch-key children in this country..also, watch out..she's also into guns!!!! Go Obama! You now have my VOTE for sure.
ADRIAN>Jobs>education>Lead Latch-Key Teacher & Preschool Aide
tend to disagree a little…every kid on the block, tries to emulate the parent when a younger sibling is born.. (set aside the sibling rivalry concept) .. As long as the child isnt asked to become a full time parent, or is made to do adult jobs like cooking and keeping the house or earn the day's meal.. I feel the situation would still be under control.. Being asked to mind the younger ones, is what every latch key kid does, and has been doing, even in affluent homes.. I feel it brings a sense of responsibilty at an early age.. And even little boys can be very responsible and protective of their younger siblings.. Dont see the connection between girls becoming montessori teachers…
plunger
Cradle? In those days the switch (another word perhaps) served both to support the hand-set and to connect/disconnect.
Edit – To the sweetheart who gave me the thumbs down.
Webster's 10th Collegiate Dictionary:
Cradle – n – (2) : the support for a telephone receiver or handset.