Categories: Curiosities

16 Tax Problems Most Single-Income Families Are Facing

Not Being Able to Claim the Child and Dependent Care Credit

The IRS offers working parents a tax break if they’re paying for child care. The Child and Dependent Care Credit allows taxpayers to claim up to $3,000 in expenses for one child or other dependent and $6,000 in expenses for two or more children or other dependents.

However, a family with a stay-at-home parent can’t take advantage of this credit. To qualify for the credit, you must pay for the child care services so you can work or look for work.

Claudia Calina

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Claudia Calina

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Claudia Calina

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