{"id":4630,"date":"2017-03-13T19:49:44","date_gmt":"2017-03-13T18:49:44","guid":{"rendered":"http:\/\/13.40.31.108\/?p=4630"},"modified":"2017-03-13T19:49:44","modified_gmt":"2017-03-13T18:49:44","slug":"child-and-dependent-care-tax-credit","status":"publish","type":"post","link":"https:\/\/ustaxconsultants.es\/es\/child-and-dependent-care-tax-credit\/","title":{"rendered":"Child and Dependent Care Tax Credit"},"content":{"rendered":"

It can be very interesting not to overlook the Child and Dependent Care Tax Credit. Eligible taxpayers may be able claim it if they paid for someone to care for a child, dependent or spouse last year.<\/p>\n

Taxpayers can use the IRS Interactive Tax Assistant tool, Am I Eligible to Claim the Child and Dependent Care Credit?<\/a>, to help determine if they are eligible to claim the credit for expenses paid for the care of an individual to allow the taxpayer to work or look for work.<\/p>\n

Seven other key points about this credit include:<\/p>\n

    \n
  1. Work-Related Expenses.<\/strong> The care must have been necessary so a person could work or look for work. For those who are married, the care also must have been necessary so a spouse could work or look for work. This rule does not apply if the spouse was disabled or a full-time student.<\/li>\n
  2. Qualifying Person.<\/strong> The care must have been for \u201cqualifying persons.\u201d A qualifying person can be a child under age 13. A qualifying person can also be a spouse or dependent who lived with the taxpayer for more than half the year and is physically or mentally incapable of self-care.<\/li>\n
  3. Earned Income.<\/strong> A taxpayer must have earned income for the year, such as wages from a job. For those who are married and file jointly, the spouse must also have earned income. Special rules apply to a spouse who is a student or disabled.<\/li>\n
  4. Credit Percentage \/ Expense Limits.<\/strong> The credit is worth between 20 and 35 percent of allowable expenses. The percentage depends on the income amount. Allowable expenses are limited to $3,000 for paid care of one qualifying person. The limit is $6,000 if the taxpayer paid for the care of two or more.<\/li>\n
  5. Dependent Care Benefits.<\/strong> Special rules apply for people who get dependent care benefits from their employer.<\/li>\n
  6. Qualifying Person\u2019s SSN.<\/strong> The Social Security number of each qualifying person must be included to claim the credit.<\/li>\n
  7. Care Provider Information.<\/strong> The name, address and taxpayer identification number of the care provider must be included on the return.<\/li>\n<\/ol>\n

    Taxpayers who pay someone to come to their home and care for their dependent or spouse may be a household employer and may have to withhold and pay Social Security and Medicare tax and pay federal unemployment tax.<\/p>\n

    If you need any further information, please do not hesitate to contact us directly. Tel 91 5194392 info@ustaxconsultants.es<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    It can be very interesting not to overlook the Child and Dependent Care Tax Credit. Eligible taxpayers may be able claim it if they paid for someone to care for a child, dependent or spouse last year. Taxpayers can use the IRS Interactive Tax Assistant tool, Am I Eligible to Claim the Child and Dependent […]<\/p>\n","protected":false},"author":4,"featured_media":4631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[23,24],"tags":[35,20,39,42],"class_list":["post-4630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-irs","category-us-tax-return-1040-1040nr","tag-35","tag-irs-2","tag-us-federal-income-tax-return","tag-usa-education"],"acf":[],"_links":{"self":[{"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/posts\/4630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/comments?post=4630"}],"version-history":[{"count":0,"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/posts\/4630\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/media\/4631"}],"wp:attachment":[{"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/media?parent=4630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/categories?post=4630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/tags?post=4630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}