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Child care credit
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Tax10
Level 1
02-02-2022
08:24 PM
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Will the child care credit be refundable in the future years? Or just this year?
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1 Comment 1
qbteachmt
Level 15
02-03-2022
04:05 PM
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"For 2021, the American Rescue Plan Act of 2021, enacted March 11, 2021, made the credit substantially more generous (up to $4,000 for one qualifying person and $8,000 for two or more qualifying persons) and potentially refundable, so you might not have to owe taxes to claim the credit (so long as you meet the other requirements)."
https://www.irs.gov/newsroom/child-and-dependent-care-credit-faqs
The rest depends on Congress.
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