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D2441 Child and Dependent Care Credit for PartYear  Form

D2441 Child and Dependent Care Credit for PartYear Form

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hey taxpayers it's tiffany gonzalez cpa here founder and ceo of economics scale today in this video i want to talk to you about the child and dependent care credit this is a tax credit that is available to you for the monies in which you pay to take care of your child or your dependent this credit used to be worth a total of 600 max per child however it has now increased up to four thousand dollars under the new tax law changes [Music] in this video i'll be talking about what the tax credit is who's eligible to claim it what information you need and how to claim it so if you paid for child care or dependent care related expenses tune in because this video is for you the child independent care credit is the government's way of helping offset the costs related to child care the credit is calculated based on a percentage of how much you spend but the government also wants to ensure that you bank less than a certain amount of income in order to qualify for t

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