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Joseph and Mary file a joint tax return for 2020, with adjusted gross income of $34,000. Joseph and Marys earned income is of $20,000 and
Joseph and Mary file a joint tax return for 2020, with adjusted gross income of $34,000. Joseph and Marys earned income is of $20,000 and $14,000 respectively, during 2020. In order for them to be gainfully employed, they pay the following employment-related expenses for their four-year old son Jesus:
Bethlehem Care Center $1,700
David, baby-sitter (Josephs step brother who is 23 years old) 1,000
What is the amount of the child and dependent care credit they should report on their tax return for 2020?
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