Child and Dependent Care Expenses Credit
The presentation is broken into components that you can jump directly to using the links below.
Below you will also find links to Publication 503, Form 2441 Child and Dependent Care Expenses, and Instruction for Form 2441.
Publication 503 Child and Dependent Care Expenses
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Form 2441 Child and Dependent Care Expenses
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Instructions for Form 2441 Child and Dependent Care Expenses
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0:58 Can I Claim The Child an Dependent Care Expenses Credit?
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10:33 Who is A Qualifying Person with regards to The Child and Dependent Care Expenses Credit
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24:10 Tax Software Example showing tax forms related to who is a qualifying person with regards to The Child and Dependent Care Expenses Credit
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28:00 You Must Have Earned Income rule related to The Child and Dependent Care Expenses Credit
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40:48 Tax Software Example showing earned income requirements using tax software and tax forms
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48:50 Flow Chart for – Can You Claim The Child and Dependent Care Expenses Credit
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53:58 Work Related Expenses for The Child and Dependent Care Expenses Credit
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1:03:47 Qualifying Person for The Child and Dependent Care Expenses Credit
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1:13:37 Household Services for The Child and Dependent Care Expenses Credit
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1:19:48 What’s Your Filing Status for The Child and Dependent Care Expenses Credit
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1:28:31 Care Provider Identification Test for The Child and Dependent Care Expenses Credit
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1:36:54 How to Figure The Child and Dependent Care Expenses Credit
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1:50:45 Earned Income Limit for The Child and Dependent Care Expenses Credit
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2:07:47 Dollar Limit related to The Child and Dependent Care Expenses Credit
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2:12:19 Reduced Dollar Limit related to The Child and Dependent Care Expenses Credit
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2:18:52 Amount of The Child and Dependent Care Expenses Credit
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2:27:46 How to Claim The Child and Dependent Care Expenses Credit
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2:35:48 Household Employees as they related to The Child and Dependent Care Expenses Credit
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2:44:29 Tax software and tax form examples of The Child and Dependent Care Expenses Credit
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Can You Claim the Credit?
To be able to claim the credit for child and dependent care expenses, you must file Form 1040 or Form 1040NR, not Form 1040NR-EZ, and meet all the tests in Tests you must meet to claim a credit for child and dependent care expenses next.
Tests you must meet to claim a credit for child and dependent care expenses. To be able to claim the credit for child and dependent care expenses, you must meet all the following tests.
1.
Qualifying Person Test. The care must be for one or more qualifying persons who are identified on Form 2441. (See Who is a Qualifying Person, later)
2.
Earned Income Test. You (and your spouse if filing jointly) must have earned income during the year. (However, see Rule for student-spouse or spouse not able to care for self under You Must Have Earned In-come, later.)
3.
Work-Related Expense Test. You must pay child and dependent care expenses so you (and your spouse if filing jointly) can work or look for work. (See Are These Work-Related Expenses, later.)
4.
You must make payments for child and dependent care to someone you (and your spouse) can't claim as a dependent. If you make payments to your child, he or she can't be your dependent and must be age 19 or older by the end of the year. You can't make pay-ments to:
a.
Your spouse, or
b.
The parent of your qualifying person if your quali-fying person is your child and under age 13.
See Payments to Relatives or Dependents under Are These Work-Related Expenses, later.
5.
Joint Return Test. Your filing status may be single, head of household, or qualifying widow(er) with de-pendent child. If you are married, you must file a joint
6.
Provider Identification Test. You must identify the care provider on your tax return. (See Care Provider Identification Test, later.)
7.
If you exclude or deduct dependent care benefits pro-vided by a dependent care benefit plan, the total amount you exclude or deduct must be less than the dollar limit for qualifying expenses (generally, $3,000 if one qualifying person was cared for or $6,000 if two or more qualifying persons were cared for). (If two or more qualifying persons were cared for, the amount you exclude or deduct will always be less than the dollar limit because the total amount you can exclude or deduct is limited to $5,000
Who is a Qualifying Person?
Your child and dependent care expenses must be for the care of one or more qualifying persons.
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