Qualifying for the Child and Dependent Care Credit

    As so many thoughts and concerns dominate our hearts and minds, let’s not forget that Tax Returns for the year 2019 must be filed in less than a month. There are many credits that can be claimed, which may provide some financial relief this year. For example, the Child and Dependent Care Tax Credit can help to offset major expenses.

     According to the Internal Revenue Service (IRS), Taxpayers can claim a credit of up to 35% of their costs. To qualify, this care must have been provided for someone who is under the age of 13. If they are over 13, this person must be a dependent who lived with the Taxpayer for over half of the year. To find out more details about this credit to see if you qualify, talk to your Qualified Tax Professional. The time to prepare to file your Tax Return is now. The deadline is fast approaching and it’s best to find out what credits you qualify for as soon as possible.

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