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 Instruction Form 2441 2013

2013-2025 Form

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welcome to lesson 8.4 today we're going to learn about the dependent Care Credit credits are designed to offset tax liability either through refundable credits or non-refundable credits the dependent Care Credit happens to be a non-refundable credit meaning that it can only go up to the amount of tax owed and then if there's anything left over in the credit the person does not receive it so refund able credits you can get a refund back for the amount of the credit but non-refundable credits you'll only get up to what you would have owed the rules for the dependent Care Credit is first off there has to be an amount owed or an expense for daycare child must be under the age of 13 during the tax year unless the person um is mentally or physically incapable of taking care of themselves um the child must be a qualifying child and have lived with a taxpayer for more than half of the year the expenses must have been incurred while the parent was working or looking for

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