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10ad121e Child Care Form

10ad121e Child Care Form

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Instructions and help about 10ad121e Child Care Form

okay for this video i wanted to talk about the child and dependent care tax credit available for 2021. so the credit is computed and reported on form 2441 it goes along with your form 1040. it's actually relatively simple to figure out and complete it's just a matter of remembering that this is eligible for you right so if you're a parent of a single parent or if you're a married couple and you pay for child care expenses for your dependent you might be eligible for a tax credit for a portion of the amounts paid during the year so who's eligible for this well the first item is obviously you have to be a u.s taxpayer and you need a dependent right so you need a qualifying person that's a child and the child has to be under the age of 13 right so you can't deduct or take a credit for child care paid on one of your kids who's over that age but if you have a newborn child or a younger child and you pay for the dependent care you can get a tax credit up to four thousand dollars for one qua

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