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What is carmella child care credit

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Question - Carmella is divorced and has two children, ages 3 and 9. For 2021, her adjusted gross income is $140,000, all of which is earned income. Carmella's younger child stays at her employer's on-site child-care center while she works. The benefits from this child-care center qualify to be excluded from her income. Carmella's employer reports the value of this service as $3,000 for the year. This amount is shown in box 10 of Carmella's Form W-2, but is not included in taxable wages in box 1. A neighbor cares for Carmella's older child after school, on holidays, and during the summer. Carmella pays her neighbor $2,400 for this care. What is Carmella's Child Care Credit for 2021?

Reference no: EM133182470

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