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”
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