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Aria and Logan Johnson have 2 children: Sara, age two, and Mia, age four. Logan is an engineer and Aria is a homemaker. The Johnsons
Aria and Logan Johnson have 2 children: Sara, age two, and Mia, age four. Logan is an engineer and Aria is a homemaker. The Johnsons paid $8,800 for Sara and Mia to attend day care during the year. Logan received dependent care benefits from his employer of $2,000. Their AGI was $65,000 and their tax liability was $4,393 for 2021.
How much of their child care expenses can be used to claim the child and dependent care credit in tax year 2021?
How much of their child care expenses can be used to claim the child and dependent care credit in tax year 2021?
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South Western Federal Taxation 2017 Comprehensive
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
40th Edition
1305874161, 978-1305874169
