Problem 7-11

Problem 7-11 Child and Dependent Care Credit (L0 7.3) Clarita is a single taxpayer with two dependent children, ages 10 and 12. Clarita pays $3,000 ($1,500 for each child) in qualied child care expenses during the year. Her adjusted gross income and earned income (all from wages) for the year is $19,600 and she takes the standard deduction. Complete Form 2441, Child and Dependent Care Expenses and determine Clarita's child care credit. Assume her taxable income is $1,250 and that she is in the 10% tax bracket. If an amount is zero, enter "0". Enter amounts as positive numbers. OMB No. 1545-0074 Fm\" 2441 Child and Dependent Care Expenses DePrtme"t 0' the > Attach to Form 1040, 1o4o-sn, or 1040-NR. 20 19 Treasury Internal > Go to www.irs.gov/Form2441 for instructions and the latest Attachment Revenue Service (99) information_ Sequence No. 21 Your social security Name(s) shown on return Clarita number You cannot claim a credit for child and dependent care expenses if your ling status is married ling separately unless you meet the requirements listed in the instructions under "Married Persons Filing Separately." If you meet these requirements, check this box. El m Persons or Organizations Who Provided the CareYou must complete this part. (If you have more than two care providers, see the instructions.) 1 (a) Care provider's (b) Address (c) Identifying number (d) Amount paid name (number, street, apt. no., city, state, and ZIP code) (SSN or EIN) (see instructions) Betty Babysitter E Did you receive No > Complete only Part 11 below. dependent care benefits? Yes > Complete Part III on the back next. Caution: If the care was provided in your home, you may owe employment taxes. For details, see the instructions for Schedule 2 (Form 1040 or 1040-SR), line 7a; or Form 1040-NR, line 59a. Credit for Child and Dependent Care Expenses 2 Information about your qualifying person(s). If you have more than two qualifying persons, see the instructions. (a) Qualifying person's name _ _ . (c) Qualied expenses you (b) Qualifying person's socual . . _ _ Incurred and paid In 2019 for the _ security number _ _ First Last person listed In column (a) Clarita's Child #1 ' [j Clarita's Child #2 C] 3 Add the amounts in column (c) of line 2. Don't enter more than $3,000 for one qualifying - person or $6,000 for two or more persons. If you completed Part III, enter the amount from line 31 ................................................. 3 [:] 4 Enter your earned income. See instructions ......................... 4 C] 5 If married ling jointly, enter your spouse's earned income (if you or your spouse was a student or was disabled, see the instructions); all others, enter the amount from line 4 5 C] 6 Enter the smallest of line 3, 4, or 5 ................................ 6 [j 7 Enter the amount from Form 1040 or 1040-SR, line 8b; or Form 1040-NR, line 35 ....... 8 Enter on line 8 the decimal amount shown below that applies to the amount on line 7 If line 7 is: If line 7 is: But not Decimal But not Decimal Over over amount is Over over amount is $015,000 .35 $29,00031,000 .27 15,00017,000 .34 BLOOD33,000 .26 17,00019,000 .33 33,00035,000 .25 19,00021,000 .32 35,00037,000 .24 21,00023,000 .31 37,00039,000 .23 23,00025,000 .30 39,00041,000 .22 25,00027,000 .29 41,00043,000 .21 27,00029,000 .28 43,000No limit .20 9 Multiply line 6 by the decimal amount on line 8. If you paid 2018 expenses in 2019, see the instructions ................................... n 10 Tax liability limit. Enter the amount from the Credit Limit Worksheet in the instructions ....... . 10 S 11 Credit for child and dependent care expenses. Enter the smaller of line 9 or line 10 here and on Schedule 3 (Form 1040 or 1040-SR), line 2; or Form 1040-NR, line 47. For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 11862M Form 2441 (2019)