Question

in 2022, denise has two children who are qualifying persons for the child and dependent care credit, ethan and jeffrey. ethan has $9,000 in dependent care expenses, and jeffrey has none. assuming all other tests are met, what amount of expenses is the credit based on? $3,000 $6,000 $8,000 $9,000

Answer 1

$9,000 is the amount of expenses is the dependent credit based on. The Dependent Care Credit ranges from 20% to 35% of Qualified Expenses for Tax Years Through 2020. The percentage is determined by your supplemental gross income (AGI).

Which costs are not covered by the Child and Dependent Care Credit?

The following costs are not covered by the Child and Dependent Care Credit:

• Costs of getting to and from the daycare center.

• Camp expenses for one night.

• The cost of educating a child through kindergarten or higher.

• Costs for a chauffeur or gardening assistance.

• Depending on whether the program is for the child's care, the cost of before- or after-school programs may be covered. If you are unable to distinguish between the cost of care and the cost of education, costs up to kindergarten qualify. This includes kindergarten.

To know more about 'Dependent Care Credit' , visit:brainly.com/question/15056356

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