The credit is calculated as a percentage of your qualifying expenses, ranging from 20% to 35% based on your adjusted gross income (AGI). The maximum eligible expenses you can claim are $3,000 for one qualifying individual and $6,000 for two or more.
How is the Child and Dependent Care Credit calculated?
Frequently Asked Questions - Child Tax Credit
Families With College Students Can Receive A CTC?
How do I claim the Child Tax Credit on my tax return?
How Much Is The Child Tax Credit For College Students?
How Will The CTC Be Sent?
What are the age requirements for a dependent to qualify for the care credit?
What expenses qualify for the Child and Dependent Care Credit?