Child and Dependent Care Tax Credit
GPTKB entity
Statements (35)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_law
|
| gptkbp:administeredBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:appliesTo |
taxpayers with dependent children under age 13
taxpayers with disabled dependents of any age |
| gptkbp:claimableBy |
married filing jointly
single filers |
| gptkbp:codifiedIn |
gptkb:Internal_Revenue_Code_Section_21
|
| gptkbp:country |
gptkb:United_States
|
| gptkbp:dateEnacted |
1976
|
| gptkbp:eligibility |
taxpayer must have earned income
care provider cannot be spouse or parent of the child care must be provided so taxpayer can work or look for work |
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| https://www.w3.org/2000/01/rdf-schema#label |
Child and Dependent Care Tax Credit
|
| gptkbp:maximumExpenses |
$3,000 for one qualifying individual
$6,000 for two or more qualifying individuals |
| gptkbp:maximumLoanAmount |
credit percentage decreases as income increases
up to 35% of qualifying expenses |
| gptkbp:minimumCredit |
20% of qualifying expenses for higher incomes
|
| gptkbp:notQualifyingCare |
overnight camp
school tuition |
| gptkbp:publicLawNumber |
gptkb:IRS_Form_2441
|
| gptkbp:purpose |
to help taxpayers offset the cost of care for dependents while they work or look for work
|
| gptkbp:qualifyingCare |
nanny
after-school programs babysitter day camp daycare |
| gptkbp:refundable |
no (except for tax year 2021, when it was temporarily refundable)
|
| gptkbp:relatedTo |
gptkb:Child_Tax_Credit
gptkb:Earned_Income_Tax_Credit |
| gptkbp:requires |
taxpayer identification number for care provider
social security number for qualifying child or dependent |
| gptkbp:bfsParent |
gptkb:Section_9603_(Child_and_Dependent_Care_Tax_Credit)
|
| gptkbp:bfsLayer |
6
|