Question
Sam and Sally Student 1000 W. 70th Street Akron, Ohio 44111 Social Security No. Sally: 111-22-3333 Sam: 444-66-5555 they file joint They are married with
Sam and Sally Student 1000 W. 70th Street Akron, Ohio 44111 Social Security No. Sally: 111-22-3333 Sam: 444-66-5555 they file joint They are married with 2 children, Child 1 a boy, born 2/2/12 and Child 2, a girl, born 7/1/13. Social sec. numbers are Child 1: 333-22-4444 and for Child 2: 777-99-1111. Sally makes $30,000 from City of Cleveland. Sam makes $40,000 from Fitzbottom LLC. They pay to have both children in Child care. They pay $4,000 for each child (total $8,000) per year to Child Care Center, address is: 3 Fake Address Road, Akron, Ohio 44111. I.D. Number of Child Care Center is 34-1234567. Their children were in child care all day, every work day, for basically the whole year. To do: Go the IRS website at irs.gov, and get a Form 2441"Child and Dependent Care Expenses" and the accompanying instructions. Using the information above, do the Form 2441 for Sally and Sam. Can yo please help to understand how Line 10 Credit Limit Worksheet should be calculated on Form 2441? I'm thinking it should be zero but I'm not sure.
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