Child and Dependent Care Credit

Child and Dependent Care Credit

The child and dependent care credit is available for expenses incurred for caring for (1) a dependent child under age 13, (2) a taxpayer’s spouse, or (3) a mentally- or physically disabled dependent (who is member of the taxpayer’s household) while a taxpayer works or looks for work.   The maximum qualified expenses for the credit are capped at either $3,000 for expenses paid for one qualifying individual or $6,000 for expenses paid for two or more qualifying individuals.  The qualifying expenses must be to provide care for a qualifying person while the taxpayer works (or looks for work).  The main purpose of the expenses must be for the qualifying person’s well-being and protection.  Household services qualify only if a portion of the services are for care of the qualifying person.