One thing that we realize is that taking care of a child can sometimes be difficult financially. The Federal Government also recognizes that it can be pretty pricey for you to pay out of pocket. This is why you are allowed a child care tax credit.  You can reduce your tax debt if you qualify dependent care tax credit.

You may be thinking to yourself, well my situation is a little unique how can I qualify for this tax credit for my kids in my situation. Read below to find out.

For starters your child must be less than 13 years old and you must be paying someone else to take care of them. As you realize this cannot your spouse or a child of your own under the age of 19.  This person also cannot be a dependent of yours at all. You may qualify with a after school program or even a latch-key program, but regular school expenses do now qualify.

Are you caring for a spouse, or even a dependent individual who cannot take care of themselves at any age? For example, if you care for a parent who is disabled or even a physically or mentally challenged child, they may be able to qualify as long as they live with you for more than 6 months. You can also claim up to 35% of their care expenses, up to an amount of $3k for one person or even up to $6k for two or more.

To get this credit you can apply for these dependents or child tax care credit as long as you have a job, and file as married filing jointly, head of household, or single. If you get some of these benefits from an employer these amounts will also be figured into the calculation.

You may also wonder why someone like you would not qualify for this tax credit

Really there should be no reason as long as you DO qualify. You really should take every advantage of the dependent care credit. Why wouldn’t you try to take every legal advantage when you file your income taxes. You may get a tax refund, and this nice credit can help you. If you are a parent caring for a dependent individual, family member or person you really do deserve it!

One thing that you should also inquire about is whether or not your are eligible for other discounts as well in addition to the dependent credit. Just by doing your research you may be able to find quite a bit of information out on the net or just by contacting your tax professional. Whether your wondering about dependent care spending accounts, child tax credits worksheet, or if you wonder do I have to “claim my dependent to receive earned income credit” your own research or professional tax advice can help.

Sometimes by looking around you may wonder about property taxation services or just general tax credits for kids, a baby, the tax credit for young children and the disability tax credit. There is a ton of information on the IRS website as well.

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