Basic Federal Income Taxation: Taxable Income and Tax Computation: Dependent Care Credit

This lesson is best used after studying Federal Income Taxation: Taxable Income and Tax Computation, in class. The lesson includes problem sets to work through, allowing you to apply the Code and Regs. to a variety of situations involving dependent care credit under Internal Revenue Code section 21.

Learning Outcomes

On completion of the lesson, the student will be able to:

1. Identify qualifying individuals of a taxpayer for purposes of the dependent care credit.
2. Describe the types of costs that qualify as employment-related expenses for purposes of computing the dependent care credit.
3. Compute the dependent care credit.