$8000 Surprise Stimulus Checks For Child Care: Who Qualifies

This is the child and dependent care tax credit, which is intended to assist working families in offsetting expenses associated with financially providing for a kid.

Transportation, housekeepers, babysitters, before and after school programmes, as well as day camps and daycare, are examples of qualified expenses.

In addition to that, they can be utilised for the purpose of providing care for dependents who have impairments.

In the past, families were only eligible to get $6,000 in child tax credits if they had two or more children.

Families in 2021 can claim credits for up to $8,000 in expenses for one child and $16,000 for multiple children.

How much you get from care credits now

Care credits are only provided for children under the age of 13, though an exception may be made for a dependent who is unable to care for themselves.

The maximum percentage of qualified expenses that families can claim has been increased from 35% to 50% for 2021.

Some people are questioning how to claim care credits, which, unlike child tax credits, are not distributed on a monthly basis.

How to claim

They can, however, be claimed when you file your tax return the following year. But, keep in mind that if you have children under the age of 13, you are more likely to qualify now than in the past.

In addition, if you do not claim child tax credits on time this year, you might receive up to $3,600 per child on your tax return.