WebJan 18, 2024 · Why is my dependent care credit only $200, not $1200? I had over $15k in child care costs for my two children (ages 3 and 1). I received $5k in dependent care … WebApr 14, 2024 · Thanks, I have filled out my child care expenses in the "child and dependent care credit" already. It simply tells me "It turns out you don't qualify for this …

Solved: Why is my dependent care credit only $200, not $1200? I …

WebApr 6, 2024 · As xmasbaby0 stated, a dependent can have a job without paying for more than half of their support. To claim dependent care in TurboTax, follow these steps: Click Deductions and Credits; Scroll down to you and your family; Click Revisit/Start next to dependent care credit; Follow the interview questions to enter the dependent care … things relating to winter

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WebMar 15, 2024 · The 2024 Child and Dependent Care Credit amount begins to phase out when the taxpayer’s adjusted gross income (AGI)reaches over $125,000. Eligible … WebMay 31, 2024 · Note in particular that the non-custodial parent can never claim the Earned Income Credit, Head of Household filing status or the day care credit, based on that child , even when the custodial parent has released the exemption to him. But, the custodial parent may claim the amounts paid by both parents in calculating the dependent care credit.the WebMar 6, 2024 · One of the requirements for the Child Care and Dependent Credit is that you need to have earned income if you are not a student or disabled. Please see What is the … things released in 2008