Define: Child And Dependent Care Credit

Business, Legal & Accounting Glossary

Definition: Child And Dependent Care Credit



Advertisement



Full Definition of Child And Dependent Care Credit


The child and dependent care credit is a federal income tax<tax credit. The child and dependent care credit is available to a person who is employed or looking for work, who pays someone to care for a child or dependent. If the person seeking the child and dependent care credit is married, his/her spouse must be working, be a full-time student or be incapacitated. Under the child and dependent care credit, the dependent must be under age 13 when care is provided. The child and dependent care credit is available to individuals paying for the care of a spouse/dependent of any age who is mentally/physically incapable of self-care. Several conditions must be met to claim the child and dependent care credit.


Advertisement




Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/child-and-dependent-care-credit/
Modern Language Association (MLA):
Child And Dependent Care Credit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 07, 2020 https://payrollheaven.com/define/child-and-dependent-care-credit/.
Chicago Manual of Style (CMS):
Child And Dependent Care Credit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/child-and-dependent-care-credit/ (accessed: April 07, 2020).
American Psychological Association (APA):
Child And Dependent Care Credit. PayrollHeaven.com. Retrieved April 07, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/child-and-dependent-care-credit/

Definition Sources


Definitions for Child And Dependent Care Credit are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 4th February, 2020