Lesson Summary

A tax credit is a dollar-for-dollar reduction of the tax.

The tax credit for child and dependent care expenses allows taxpayers to claim a credit for expenses paid for the care of:

• children under age 13
• a disabled spouse or dependent

To claim the credit, requirements must be met for the:

• taxpayer
• child or dependent
• expenses

There is a limit to the amount of qualifying expenses.

The credit is a percentage of the qualifying expenses.