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I feel dumb even asking, I must be completely overlooking something.....refundable child care credit, Line 10 of the 2441

Just-Lisa-Now-
Level 15
Level 15

IRS was promoting the fully refundable child care credit deal, but Im not seeing it in action.

Ive got a single parent with 2 kids, paid out $14,113 in child care.   I see the 50% amount on Line 9a of the 2441 ($7057) , but then I only see a non refundable amount on Line 11 $3625 (which is the amount of tax liability she has and wipes it out to zero).

Line 10 of the 2441 is the line for refundable child care credit, which is empty, but that appears to be a fill in line, are we suppose to fill that in ourselves?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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9 Comments 9
Just-Lisa-Now-
Level 15
Level 15

OK, I did totally overlook something, there's a box at the top of the 2441 that you need to check for the refundable portion to be computed!  DOH!

Thanks @garman22 !!


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
qbteachmt
Level 15

What about the limit? Here's a current article:

https://proconnect.intuit.com/community/child-and-dependent-care-credit/help/entering-child-or-depen...

 

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Just-Lisa-Now-
Level 15
Level 15
Once I checked that box at the top of the form, everything flowed as expected.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
deb4
Level 3

You need to check the box B on the top of the form 2441

TaxGuyBill
Level 15

Thanks for pointing that out, I hadn't come across that yet.

But it seems rather bizarre why we would need to check than additional box.  It would seem more logical to need to check a box if they DON'T qualify for it to be refundable.

GodFather
Level 8

Just curious, why would someone who is eligible choose not to accept it?  I'm probably missing something but is there a negative to taking it?

Just-Lisa-Now-
Level 15
Level 15
It askes about principal place of abode, would have been handier to have Yes or No and glow Pink so it wouldnt be missed

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Just-Lisa-Now-
Level 15
Level 15
if their place of abode wasnt in the US, you dont get the refundable portion. You have to check the US abode box for it to compute the refundable portion..

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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garman22
Level 13
Level 13

that article is incomplete re: the 2441. I think its general info other than the explanation of 21 rules

 

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