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How much is the child and dependent care tax credit worth?

April 26, 2017child dependent tax credit worth

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How much is the child and dependent care tax credit worth?

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The child and dependent care credit is a percentage, based on your adjusted gross income (AGI), of the amount of work-related child-care expenses you paid during the year. In general, the higher your child-care expenses and the lower your income, the larger your tax credit. You may take the child and dependent care credit even if you do not itemize your deductions.