Child and Dependent Care Credit Benefits Webinar

Summary

Taxpayers who pay for the care of a qualifying person so they can work or look for work may be entitled to the child and dependent care tax credit. In addition, certain taxpayers may be eligible for a pre-tax dependent care benefit (DCB) through their employer’s flex spending account (FSA). During this webinar, we will review the requirements for the child and dependent care tax credit and the pre-tax DCB. Additionally, we will walk through preparing Form 2441, Child and Dependent Care Expenses, to calculate the tax credit and reconcile the nontaxable and taxable portions of the DCB.

Objectives

Upon completion of this course, you will be able to:

• Identify who is a qualifying person for purposes of the credit
• Summarize qualifying expenses for the credit and exclusion of dependent care benefits from income
• Calculate the child and dependent care tax credit
• Reconcile the dependent care benefits
• Prepare Form 2441

Course Details

Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.

This webinar includes the presentation slides, attendee top questions and access to the webinar recording.