Question

During 2019, Stephie worked full-time while her spouse, Tom, attended college for 8 months during the year. The couple has two children under 13. She earned 125,000 and incurred $6,100 of child care expenses.
Determine the credit for child and dependent care expenses for 2019.

Answer 1

The credit for child and dependent care expenses that Stephie and Tom can claim for 2019 is $6,000.

What is the credit for child and dependent care expenses?

The credit for child and dependent care expenses claimable on the federal income tax return is $3,000 per child for 2019.

For two qualifying children, the maximum credit for child and dependent care expenses that the couple who are filing jointly can claim is $6,000 ($3,000 x 2).

Thus, the credit for child and dependent care expenses that Stephie and Tom can claim for 2019 is $6,000.

Learn more about the credit for child and dependent care expenses at brainly.com/question/15025351

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