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Kiplinger
Kiplinger
Business
Gabriella Cruz-Martínez

Child and Dependent Care Credit: How Much Is It?

Wooden kids toys on colourful paper. Educational toys blocks, pyramid, pencils, numbers. Toys for kindergarten, preschool or daycare.

If you’re a parent or caregiver working or looking for work, you might benefit from a special tax break to offset the costs of care for your dependent.

The federal child and dependent care tax credit (CDCTC) is a nonrefundable credit designed to help recover expenses associated with caring for a child under age 13 or a dependent with disabilities.

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