How To File For A Child Care Tax Credit

Filing for a child care tax credit is done with a taxpayer’s annual income tax return. The child care tax credit, which is known as the child and dependent care expenses credit, allows a taxpayer to deduct certain expenses from their taxes owed. In order to obtain the credit, a taxpayer must file the Form 1040 or 1040-A.

Form 1040

The Form 1040 or 1040-A allows the taxpayer to claim the child and dependent care expenses credit. This credit is calculated on the Form 2441, which is attached to the Form 1040 and 1040-A. A taxpayer that files the Form 1040-EZ will not be permitted to claim the credit.

What the Credit Is Available For

The credit is available for expenses related not only for child care but also a dependent adult. This includes out-of-pocket long-term care expenses that are paid by the taxpayer for a dependent adult. This credit provides a valuable way for a taxpayer to reduce their taxes due and should be looked into. Filing the tax credit can be easily accomplished through online tax preparation software that is widely available.