Taxpayer has child care expens of 5250.00. Dependent care benefits paid on w-2 of 5000.00. Expense apply to only one child. Can taxpayer take the 250.00 childcare expense ( x % amount) Or because it is over 3000.00 limit for one child do they not qualify to take the 250. and then have no credit on tax return .
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Originally posted by gman View PostExpense apply to only one child.
See Pub 503, p. 11 - http://www.irs.gov/pub/irs-pdf/p503.pdf
or the Form 2441 instructions, p. 3- http://www.irs.gov/pub/irs-pdf/i2441.pdf
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