Child and Dependent Care Credit OR Early Childhood Development Credit. Only one of these credits may be taken.
Only taxpayers with a net income of less than $45,000 are eligible to take one of these credits. If you are married, your net income and the net income of your spouse must be combined to determine if you qualify, even if your spouse does not file an Iowa return.
If you are choosing the Child and Dependent Care Credit, use the following worksheet to calculate the credit.