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- Credit for Child or Dependent Care
Credit for Child or Dependent Care
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JaxSimpleMultis
Level 1
04-25-2024
08:57 PM
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Credit for Child or Dependent Care Expenses in the amount of $1,050 was disallowed due to tax liability limitations. US - Ref #730
Why is this credit disallowed?
client made 17000 self employed (head of household) and 600+ in w-2, care expenses were a total of $6600 for 1 dependent.
3 Comments 3
TaxGuyBill
Level 15
04-25-2024
11:22 PM
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Have you looked at line 10 of Form 2441?
BobKamman
Level 15
04-26-2024
08:17 AM
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When income tax is zero, the credit is zero. What may be distracting you from this inconvenient truth is that the client is paying tax -- but it's only SE tax, not income tax.
