The Child and Dependent Care Expenses Credit is a refundable tax credit that is computed as a percentage of the federal child and dependent care credit. The credit is allowed for certain household and dependent care expenses you incurred during the year that allowed you to seek or maintain gainful employment.
You qualify to claim this credit if you meet all of the following for the tax year:
- Your Adjusted Gross Income is less than $100,000.00,
- You had at least as much earned income as you paid for child or dependent care,
- You maintain a household located within the state of California, and
- You have a qualifying individual.