Dependent Care Credit

Description and Definition of Child and Dependent Care Credit

A tax credit of up to 30% based on certain care expenses you paid for the care of your children or other dependents to allow you to work. The credit can save as much as $720 off your tax bill if you pay for the care of one individual or as much as $1,440 if you pay for the care of two or more individuals.

Description and Definition of Dependent Care Credit

A tax credit based on expenses you paid for the care of your child or other dependents while you were gainfully employed.

Resources

See Also

Further Reading

• Dependent Care Credit in the West's Tax Law Dictionary
• Dependent Care Credit in “A Dictionary of Taxation”

Resources

See Also

Further Reading

• Child and Dependent Care Credit in the West's Tax Law Dictionary
• Child and Dependent Care Credit in “A Dictionary of Taxation”