What is the amount of the child and dependent care credit

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Point 1: Jennifer was divorced from her husband in 2014 and has not remarried.

Point 2: Jennifer provided the entire cost of maintaining the household and over half of the support for her children, Carla and Ollie, in 2019.

Point 3: Jennifer claimed earned income credit (EIC) for Ollie and Carla in 2016, but they lived with their father for 8 months that year. Jennifer received a letter from Internal Revenue Service disallowing EIC for tax years 2017 and 2018

Point 4: Jennifer is a full-time kindergarten teacher and spent $350 to buy books and supplies for her class.

Point 5: Ollie attended daycare while Jennifer worked.

Point 6: In August 2019, Jennifer's daughter, Carla, enrolled in college to pursue a bachelor's degree. She had no previous post-secondary education. Yuma College is a qualified educational institution.

Point 7: Carla does not have a felony drug conviction.

Point 8: Jennifer brought a Form 1098-T and an account statement from the college. Carla's purchases at the college bookstore were for course-related books.

Point 9: The terms of Carla's scholarship require that it be used to pay for tuition.

Point 10: Jennifer received a Form 1099-C for canceled credit card debt. Using the insolvency determination worksheet in Publication 4012, Jennifer determined the value of her assets exceeded her liabilities and that she was solvent at the time the credit card debt was canceled.

Point 11: Jennifer purchased her own health insurance through the Marketplace. She received Form 1095-A. Carla and Ollie were on their father's health insurance plan through his employer all year.

Question 1: What is the amount of the child and dependent care credit Jennifer can claim on Form 2441, Child and Dependent Care Expenses? $________.

  • She paid $2500 for after school care the amount of Jennifer's child and dependent care credit shown on Form 2441 is $525

Reference no: EM132470896

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