Richard Cook, born 4/1/1982, was a widower in 2017 and has not remarried. He has a 5 year old daughter, Isabella,born 9/25/2016. Richard has a W-2 with wages of $41,500, social security wages of 42,500, federal income tax withheld is 1850. And SS tax withheld is 2635, Medicare tax withheld is 616.25. His retirement plan shows $1,000 (code D) on12a of W2. He has a 1099 Int. For $100 interest income and a $20 early withdrawal penalty. He has a receipt from Busy Bee Day Care showing he paid $1500 for daycare for his daughter for 2021. What is the amount of his child and dependent care credit? Is he eligible for both the child tax credit and child and dependent care credit? I am assumig his correct filing status is HOH. Thanks
Richard Cook, born 4/1/1982, was a widower in 2017 and has not remarried. He has a 5 year old daughter, Isabella,born 9/25/2016. Richard has a W-2 with wages of $41,500, social security wages of 42,500, federal income tax withheld is 1850. And SS tax withheld is 2635, Medicare tax withheld is 616.25. His retirement plan shows $1,000 (code D) on12a of W2. He has a 1099 Int. For $100 interest income and a $20 early withdrawal penalty. He has a receipt from Busy Bee Day Care showing he paid $1500 for daycare for his daughter for 2021. What is the amount of his child and dependent care credit? Is he eligible for both the child tax credit and child and dependent care credit? I am assumig his correct filing status is HOH. Thanks
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