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Is the child and dependent care tax credit only for low-income working taxpayers?
If you pay someone to look after your child while you work, you are eligible for a special child care tax credit. This credit can be significant -- even if you earn a high income, you may receive 20% of your child-care expenses back, up to a maximum of $3,000 in expenses for one child and $6,000 for two.
For details, see IRS Publication 503: Child and Dependent Care Expenses.Return to Questions
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