What, if any, is their tax credit for child and dependent

Reference no: EM133611532

In 2023, Paul and Karen Kent are married, and both are employed (Paul earned $95,000 and Karen earned $4,000 in 2023). Paul and Karen have two dependent children, Samuel and Joy, both under the age of 13. Paul and Karen pay $6,000 ($3,000 for each child) for daycare.

Assuming that Paul and Karen file a joint return, what, if any, is their tax credit for child and dependent care expenses?

Reference no: EM133611532

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