The credit is a percentage, based on your adjusted gross income, of the amount of work-related child and dependent care expenses you paid to a care provider for a qualifying individual*. The maximum eligible to be multiplied by the percentages is $3,000 per child, maximum of $6,000. These dollar limits must be reduced by the amount of any dependent care benefits provided by your employer that you exclude from your income.
Note: While you may be able to take this credit if your spouse is looking for work or is a student, these circumstances are not supported. Both spouses must have worked in order to claim this credit.
*For purposes of the child and dependent care credit, a qualifying individual is: