Asked by T

Vladimir has two daughters, Yulia, age 4, and Natalia, age 10. Vladimir paid a local day care provider $4,500 for Yulia from January through December and $3,500 for Natalia from January through June. Vladimir's earned income is $70,000 and he is filing head of household. Assuming all other requirements are met, how much expense can be used to calculate Vladimir's 2024 Child and Dependent Care Credit?
$3,500
$4,500
$6,000
$8,000

All Answers 1

Answered by GPT-5 mini AI
$6,000

Explanation: He paid $4,500 + $3,500 = $8,000 in qualifying child-care expenses for two children, but the maximum allowable expense for two or more qualifying persons is $6,000. His earned income ($70,000) and filing status meet the requirements.