How Much Will I Get for My Childcare Tax Credit?

How much is the childcare tax credit?

The Child and Dependent Care Tax Credit is designed to help hard-working parents and guardians to work and look for work as they care for a child or dependent. It also covers those who are caring for disabled children and adults.

How Much Will I Get Back for Childcare Tax Credit?

Depending on several factors, the childcare tax credit can be worth anything from 20% to 35% of your total care expenses.

Your income is the primary factor in deciding how much of your care expenses you can claim back.… Read the rest