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Concept
Child And Dependent Care Tax Credit
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Summary
The
Child And Dependent Care Tax Credit
is a
Non-refundable tax credit
in the
United States
that helps taxpayers
Offset the cost of care
for
Children under age 13
or for dependents who are
Unable to care for themselves
, allowing the taxpayer to work or
Look for work
. The credit is
Calculated based on a percentage
of the
Care expenses
, subject to
Certain limits
, and varies according to the
Taxpayer's income level
.
Concepts
Tax Credit
Non-refundable Credit
Dependent Care
Income Level
Taxpayer
Eligible Expenses
Internal Revenue Code
Economic Incentive
Work-related Expenses
Tax Filing
Dependent Care Expenses
Relevant Degrees
Public Revenue 71%
Labor Market 29%
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