The Child and Dependent Care Credit returns to its original pre-2021 rules for 2022, which for most taxpayers will mean a far less generous credit.

The Child and Dependent Care Credit is a non-refundable credit of up to $1,050 for qualifying child care expenses for up to two children. This video goes into what expenses qualify for the credit and how to claim the credit on your tax return.

0:00 Introduction
0:40 What the Credit is, and Who Qualifies for the Credit
3:45 How to claim the credit
5:32 Coordinating the Credit with the Child Tax Credit
6:12 Employer Dependent Care Benefits
6:50 Conclusion

This video describes the Credit using the rules in place prior to 2021, and from 2022 onward. If you're preparing a 2021 return, click here: [ Ссылка ]

Additional Resources and Information:

IRS Form 2441: "Child and Dependent Care Credit": [ Ссылка ]

Instructions for Form 2441: [ Ссылка ]

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Intro Music: "Bluesy Vibes" - Doug Maxwell - YouTube Audio Library

Outro Music: "Modern Attempt" - Track Tribe via YouTube Audio Library

DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or financial advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or financial professional.

The information in this video is current as of date of publication, and is subject to changes.

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