Skip to main content
Level 1
February 3, 2022

Child care credit

  • February 3, 2022
  • 1 reply
  • 5 views

Will the child care credit be refundable in the future years? Or just this year? 

This topic has been closed for replies.

1 reply

qbteachmt
Level 15
February 3, 2022

"For 2021, the American Rescue Plan Act of 2021, enacted March 11, 2021, made the credit substantially more generous (up to $4,000 for one qualifying person and $8,000 for two or more qualifying persons) and potentially refundable, so you might not have to owe taxes to claim the credit (so long as you meet the other requirements)."

https://www.irs.gov/newsroom/child-and-dependent-care-credit-faqs

The rest depends on Congress.

Don't yell at us; we're volunteers