![]() 503.Ĭhild tax credit and additional child tax credit. For more information, see the Instructions for Form 2441 and Pub. The maximum credit amount allowed is 35% of your employment-related expenses. The dollar limit on qualifying expenses is $3,000 for one qualifying person and $6,000 for two or more qualifying persons. For 2022, the credit for the child and dependent care expenses is nonrefundable. The changes to the credit for child and dependent care expenses implemented by the American Rescue Plan Act of 2021 (ARP) were not extended. See Instructions for Form 1040.Ĭredit for child and dependent care expenses. Taxpayers who elect to use the lump-sum election method for their benefits will check this box. ![]() The credit for sick and family leave for certain self-employed individuals were not extended and you can no longer claim these credits. Wages earned while incarcerated are now reported on Schedule 1, line 8u.Ĭredits for sick and family leave for certain self-employed individuals are not available. Pension or annuity from a nonqualified deferred compensation plan or a nongovernmental section 457 plan are now reported on Schedule 1, line 8t. Scholarships and fellowship grants are now reported on Schedule 1, line 8r.
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