Child Care Tax Credit

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If you work from home and hire someone to care for your children, you are entitled to claim a portion of the cost as a child care tax credit. The amount you are permitted to claim as a tax credit is dependent upon your adjusted gross income. The amounts are capped at $2,400 for one child and $4,800 for two or more children. Both spouses must have earned income for this to apply unless filing as a single parent.

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