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What is their allowable Child and Dependent Care Expenses Credit for filing jointly and $96,900 AGI?
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GPT-5 mini
AI
With AGI $96,900 (married filing jointly) the applicable credit rate is the minimum 20%. The credit equals 20% of your qualifying work‑related child/dependent care expenses, subject to the dollar limits:
- Limit = $3,000 for one qualifying person → maximum credit = 0.20 × $3,000 = $600
- Limit = $6,000 for two or more qualifying persons → maximum credit = 0.20 × $6,000 = $1,200
So multiply your actual qualifying expenses (capped at the applicable limit) by 20%. If you want me to compute it for a specific expense amount, tell me the qualifying expenses and number of dependents. (Note: 2021 had temporary higher rates/caps under ARPA — the above applies to the usual post‑2021 rules.)
- Limit = $3,000 for one qualifying person → maximum credit = 0.20 × $3,000 = $600
- Limit = $6,000 for two or more qualifying persons → maximum credit = 0.20 × $6,000 = $1,200
So multiply your actual qualifying expenses (capped at the applicable limit) by 20%. If you want me to compute it for a specific expense amount, tell me the qualifying expenses and number of dependents. (Note: 2021 had temporary higher rates/caps under ARPA — the above applies to the usual post‑2021 rules.)
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