Childcare tax credit

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Forum -> Household Management -> Finances

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amother

Fri, Jul 16 2021, 7:48 pm

How does it work?
I’m going to be paying apprx $20k for childcare this year (tuition). Two kids. I thought that I would be eligible to get back up to 3k per child, depending on how much we make.
My accountant just said something along the lines of only being able to list our tuition as max 3k/child. Which means the percentage we would get back is so small!
Which is it?

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