Asked by kash
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?
All Answers 1
Answered by
GPT-5 mini
AI
Total paid = $4,500 + $3,500 = $8,000.
But the credit is limited to $3,000 for one qualifying person or $6,000 for two or more. Vladimir has two qualifying children and his earned income ($70,000) does not limit the amount, so the maximum qualifying expense is $6,000.
But the credit is limited to $3,000 for one qualifying person or $6,000 for two or more. Vladimir has two qualifying children and his earned income ($70,000) does not limit the amount, so the maximum qualifying expense is $6,000.
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