This may or may not be news,,,thought I would throw it out here anyway.
The 2011 Child and Dependent Care Expenses (CDC) Credit is no longer a refundable credit.
Senate Bill 86 made the CDC credit nonrefundable for tax years beginning on and after January 1, 2011, so the credit cannot reduce a taxpayer's liability below zero. See FTB Form 3506.
Plus no more "work pay credit" makes for a substantial reduction in some cases
The 2011 Child and Dependent Care Expenses (CDC) Credit is no longer a refundable credit.
Senate Bill 86 made the CDC credit nonrefundable for tax years beginning on and after January 1, 2011, so the credit cannot reduce a taxpayer's liability below zero. See FTB Form 3506.
Plus no more "work pay credit" makes for a substantial reduction in some cases
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