Child and Dependent Care Credit explained.

"Child and Dependent Care Credit."

Hey Taxpayers, Tiffany Gonzalez, CPA is here with an important video for anyone who pays for child care or dependent care. Tiffany will be explaining the Child and Dependent Care Credit, this tax credit has been modified and made extremely lucrative to anyone who qualifies, earn up to $4,000!

This video will be explaining what the Tax credit is, how much you can receive, and who qualifies.

If you are a parent paying for child care, or have a dependent that you pay for their care you will want to watch this video!

Tune in and make sure you get the maximum refund you are entitled to!

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Disclaimers & Disclosure:

This content is for education and entertainment purposes only. Tiffany Gonzalez CPA and Accounting to Scale are not providing Tax or Investment advice. The information is being presented without consideration of the financial circumstances of the taxpayer/investor, financial objectives or risk tolerance and may not be suitable for all taxpayers/investors. We don't make any guarantees or promises as to results that may be obtained using our content. All investing involves risk, including risk of losing investment principal.

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[KEVINSURIEL]

May I know how the credit works because I understood that I can qualify but let say for example 55k is my taxable income what would I get on child care credit if my daycare was like 10k per year

[fortfort]

How is it limited by the earned income of the parents? Is there a minimum amount that a working parent has to earn to get the credit?

[rileycheeks]

What if I paid cash to a babysitter…. Do I need receipts?

[minyoungjean]

Hey, last summer I paid about 2000 for each child to send them to Church Summer camp. They spent there from 9 am to 3 pm... am I eligible to receive child care credit? FYR my two children was under 13 last summer