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How is childcare tax credit worked out?

April 26, 2017Childcare tax credit worked

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How is childcare tax credit worked out?

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The Inland Revenue will take into account up to 135 to be spent on childcare per week for one child in childcare or up to 200 to be spent on childcare per week for two or more children in childcare. The maximum you can receive is up to 70% of the amount you spend on childcare.