Dependent Care Credit

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  • JG EA
    replied
    Originally posted by WhiteOleander
    The point to the dependent care credit is to receive some assisstance for the cost of taking care of the dependent while the taxpayer earns taxable income. Since the Dad is not the custodial parent, he can go to work whether the child has daycare or not. What he contributes is a form of child support and not deductible.
    Good answer. I like it - reasonable. Maybe there is some other reasonableness lurking in the tax code some where.

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  • taxea
    replied
    Originally posted by Redneck
    Thanks Jess,Tax,White for your answers. I had the same answer but wanted confirmation. Always second guessing myself. Red
    Red your first decision is usually the right one...too much thought muddies the waters.

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  • Redneck
    replied
    Client SOL

    Thanks Jess,Tax,White for your answers. I had the same answer but wanted confirmation. Always second guessing myself. Red

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  • WhiteOleander
    replied
    Originally posted by Redneck
    Divorced dad pays child care for two children, directly to child care provider, has receipt.
    Not custodial parent.
    Cannot claim children as dependent.
    Is he eligible for the Dependent Care Credit.
    Thanks
    Red
    The point to the dependent care credit is to receive some assisstance for the cost of taking care of the dependent while the taxpayer earns taxable income. Since the Dad is not the custodial parent, he can go to work whether the child has daycare or not. What he contributes is a form of child support and not deductible.

    Leave a comment:


  • taxea
    replied
    Originally posted by Redneck
    Divorced dad pays child care for two children, directly to child care provider, has receipt.
    Not custodial parent.
    Cannot claim children as dependent.
    Is he eligible for the Dependent Care Credit.
    Thanks
    Red
    no, sorry he isn't

    Leave a comment:


  • Jesse
    replied
    If the child did not live with Dad for more than half of the year he is out of luck. Only the custodial parent can claim child and dependent care expenses.

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  • Redneck
    started a topic Dependent Care Credit

    Dependent Care Credit

    Divorced dad pays child care for two children, directly to child care provider, has receipt.
    Not custodial parent.
    Cannot claim children as dependent.
    Is he eligible for the Dependent Care Credit.
    Thanks
    Red
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