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Adrienne is a single mother with a six-year-old daughter who lived with her during the entire year. Adrienne paid $3,900 in child care expenses so
Adrienne is a single mother with a six-year-old daughter who lived with her during the entire year. Adrienne paid $3,900 in child care expenses so that she would be able to work. Of this amount, $500 was paid to Adriennes mother, whom Adrienne cannot claim as a dependent. Adrienne had net earnings of $1,900 from her jewelry business. In addition, she received child support payments of $21,000 from her ex-husband. Use 2022 Child and Dependent Care Credit AGI schedule.
Adjusted Gross Income | Applicable Percentage |
---|---|
$15,000 or less | 35% |
$15,00117,000 | 34% |
$17,00119,000 | 33% |
$19,00121,000 | 32% |
$21,00123,000 | 31% |
$23,00125,000 | 30% |
$25,00127,000 | 29% |
$27,00129,000 | 28% |
$29,00131,000 | 27% |
$31,00133,000 | 26% |
$33,00135,000 | 25% |
$35,00137,000 | 24% |
$37,00139,000 | 23% |
$39,00141,000 | 22% |
$41,00143,000 | 21% |
$43,001 or more | 20% |
Required:
What amount, if any, of child and dependent care credit can Adrienne claim?
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