Problem 7-11 Child and Dependent Care Credit (LO 7.3) Clarita is a single taxpayer with two dependent children, ages 10 and 12. Clarita pays $3,000 ($1,500 for each child) in qualified child care expenses during the yea year is $18,500. Complete Form 2441, Child and Dependent Care Expenses and determine Clarita's child care credit. Assume her tax liability is $1,200. If an amount is zero, enter "0". Enter amounts as positive numbers. Form 2441 1044 OMB No. 1545-0074 Child and Dependent Care Expenses Attach to Form 1040 or Form 1040NR. Go to for instructions and the latest information. Department of the Treasury Internal Revenue Service (99) 1040NR 2441 Attachment Sequence No. 21 Name(s) shown on return Clarita Smalls Your social security number 456-23-6543 You cannot claim a credit for child and dependent care expenses if your filing status is married filing separately unless you meet the requirements listed in the instructions under "Married Persons Filing Separately." If you meet these requirements, check this box. Part I | Persons or Organizations Who Provided the Care-You must complete this part. (If you have more than two care providers, see the instructions.) (a) Care provider's name (b) Address (number, street, apt. no., city, state, and ZIP code) (c) Identifying number (SSN or EIN) (d) Amount paid (see instructions) Happy Time Daycare 123 Twister Lane, Lexington, SC 56-7654321 No Yes Did you receive Complete only Part II below. dependent care benefits? Complete Part III on the back next. Caution. If the care was provided in your home, you may owe employment taxes. For details, see the instructions for Schedule 4 (Form 1040), line 60a; or Form 1040NR, line 59a. Part II Credit for Child and Dependent Care Expenses 2 Information about your qualifying person(s). If you have more than two qualifying persons, see the instructions. (a) Qualifying person's name (c) Qualified expenses you (b) Qualifying person's social incurred and paid in for the person security number First Last listed in column (a) Calvin Smalls 123-34-5678 Manny Smalls 567-99-1234 3 4 5 Add the amounts in column (c) of line 2. Don't enter more than $3,000 for one qualifying person or $6,000 for two or more persons. If you completed Part III, enter the amount from line 31... Enter your earned income. See instructions ...... If married filing jointly, enter your spouse's earned income (if you or your spouse was a student or was disabled, see the instructions); all others, enter the amount from line 4 Enter the smallest of line 3, 4, or 5....... Enter the amount from Form 1040, line 7 or Form 1040NR, line 36... 6 7 8 Enter on line 8 the decimal amount shown below that applies to the amount on line 7 Decimal amount is Decimal amount is If line 7 is: But not Over over $0-15,000 15,000-17,000 17,00019,000 19,00021,000 21,00023,000 23,00025,000 If line 7 is: But not Over over $29,00031,000 31,00033,000 33,00035,000 35,00037,000 37,00039,000 39,000-41,000 Decimal amount is If line 7 is: But not Over over Decimal amount is If line 7 is: But not Over over $0-15,000 15,00017,000 17,000-19,000 19,00021,000 21,00023,000 23,000-25,000 25,000-27,000 27,00029,000 $29,00031,000 31,000-33,000 33,00035,000 35,000-37,000 37,00039,000 39,000-41,000 41,000-43,000 43,000-No limit | 4 4 4 4 4 4 4 9 Multiply line 6 by the decimal amount on line 8. If you paid expenses in, see the instructions... 10 Tax liability limit. Enter the amount from the Credit Limit Worksheet in the instructions .... Credit for child and dependent care expenses. Enter the smaller of line 9 or line 10 here and on Schedule 3 (Form 1040), line 49; or Form 1040NR, line 47 ...... 11 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 11862M Form 2441 0 Problem 7-11 Child and Dependent Care Credit (LO 7.3) Clarita is a single taxpayer with two dependent children, ages 10 and 12. Clarita pays $3,000 ($1,500 for each child) in qualified child care expenses during the yea year is $18,500. Complete Form 2441, Child and Dependent Care Expenses and determine Clarita's child care credit. Assume her tax liability is $1,200. If an amount is zero, enter "0". Enter amounts as positive numbers. Form 2441 1044 OMB No. 1545-0074 Child and Dependent Care Expenses Attach to Form 1040 or Form 1040NR. Go to for instructions and the latest information. Department of the Treasury Internal Revenue Service (99) 1040NR 2441 Attachment Sequence No. 21 Name(s) shown on return Clarita Smalls Your social security number 456-23-6543 You cannot claim a credit for child and dependent care expenses if your filing status is married filing separately unless you meet the requirements listed in the instructions under "Married Persons Filing Separately." If you meet these requirements, check this box. Part I | Persons or Organizations Who Provided the Care-You must complete this part. (If you have more than two care providers, see the instructions.) (a) Care provider's name (b) Address (number, street, apt. no., city, state, and ZIP code) (c) Identifying number (SSN or EIN) (d) Amount paid (see instructions) Happy Time Daycare 123 Twister Lane, Lexington, SC 56-7654321 No Yes Did you receive Complete only Part II below. dependent care benefits? Complete Part III on the back next. Caution. If the care was provided in your home, you may owe employment taxes. For details, see the instructions for Schedule 4 (Form 1040), line 60a; or Form 1040NR, line 59a. Part II Credit for Child and Dependent Care Expenses 2 Information about your qualifying person(s). If you have more than two qualifying persons, see the instructions. (a) Qualifying person's name (c) Qualified expenses you (b) Qualifying person's social incurred and paid in for the person security number First Last listed in column (a) Calvin Smalls 123-34-5678 Manny Smalls 567-99-1234 3 4 5 Add the amounts in column (c) of line 2. Don't enter more than $3,000 for one qualifying person or $6,000 for two or more persons. If you completed Part III, enter the amount from line 31... Enter your earned income. See instructions ...... If married filing jointly, enter your spouse's earned income (if you or your spouse was a student or was disabled, see the instructions); all others, enter the amount from line 4 Enter the smallest of line 3, 4, or 5....... Enter the amount from Form 1040, line 7 or Form 1040NR, line 36... 6 7 8 Enter on line 8 the decimal amount shown below that applies to the amount on line 7 Decimal amount is Decimal amount is If line 7 is: But not Over over $0-15,000 15,000-17,000 17,00019,000 19,00021,000 21,00023,000 23,00025,000 If line 7 is: But not Over over $29,00031,000 31,00033,000 33,00035,000 35,00037,000 37,00039,000 39,000-41,000 Decimal amount is If line 7 is: But not Over over Decimal amount is If line 7 is: But not Over over $0-15,000 15,00017,000 17,000-19,000 19,00021,000 21,00023,000 23,000-25,000 25,000-27,000 27,00029,000 $29,00031,000 31,000-33,000 33,00035,000 35,000-37,000 37,00039,000 39,000-41,000 41,000-43,000 43,000-No limit | 4 4 4 4 4 4 4 9 Multiply line 6 by the decimal amount on line 8. If you paid expenses in, see the instructions... 10 Tax liability limit. Enter the amount from the Credit Limit Worksheet in the instructions .... Credit for child and dependent care expenses. Enter the smaller of line 9 or line 10 here and on Schedule 3 (Form 1040), line 49; or Form 1040NR, line 47 ...... 11 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 11862M Form 2441 0