Tax Credits

Child and Dependent Care Tax Credit Federal Tax Credit 
According to the IRS, if you paid someone to care for a child or a dependent so you could work, you may be able to reduce your tax by claiming the credit for child and dependent care expenses on your federal income tax return. This credit is available to people who, in order to work or to look for work, have to pay for child care services for dependents under age 13. The credit is also available if you paid for care of a spouse or a dependent of any age who is physically or mentally incapable of self-care.  

The credit is a percentage, based on your adjusted gross income, of the amount of work-related child and dependent care expenses you paid to a care provider. The credit can range from 20% to 35% of your qualifying expenses, depending upon your income.  

For more information on Child and Dependent Care please visit the IRS website.  

New York State Tax Credit  
If you quality for the Federal Tax Credit then you also qualify for the State Tax Credit.  

The credit is a minimum of 20% and as much as 110% of the federal credit, depending on the amount of your New York State adjusted gross income.  

For more information visit the Child and Dependent Care Credit page of the New York State Department of Taxation and Finance website.    

If you have questions contact the St. Lawrence Child Care Council by phone at (315) 393-6474 or email Bruce Stewart.