The child care tax credit allows you to receive a federal credit of up to 35 percent of the amount of money you spend per year on child care. The same tax credit also covers your expenses if you pay for the care of a disabled adult dependent.
In order to qualify for the child care tax credit, your dependent child has to be 12 years of age or younger. In addition to your child care provider meeting certain qualifications, there are other criteria you have to meet to be able to get the tax credit.
Find out more about the child care tax credit by contacting a tax specialist today.
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