expenses for their three Tim and Martha paid $18,200 in qualified employment-related young children who live with them i
Posted: Sun May 29, 2022 8:58 pm
expenses for their three Tim and Martha paid $18,200 in qualified employment-related young children who live with them in their household. Martha received $2,800 of dependent care assistance from her employer, which was properly excluded from gross income. The couple had $156,650 of AGI earned equally. Use Child and Dependent Care Credit AGI schedule. Required: a. What amount of child and dependent care credit can they claim on their Form 1040? b. How would your answer differ (if at all) if the couple had AGI of $137,100 that was earned entirely by Martha? Amounts a. Child and dependent care tax credit b. Child and dependent care tax credit