It helps prepare students of extraordinary motivation and ability to serve and to lead in a world that is increasingly dependent on technology. Programs are offered through Ivan Allen College and DuPree College of Management and the Colleges of Architecture, Computing, Engineering and Sciences. Its 365-acre campus is located near downtown Atlanta.
Report Abuse. For one child, the amount the credit is based on is up to $3000. The credit is a percent of the $3000 - the % depends on your income. The amount could be from 20% or $600 at incomes above $43K, to 35% or $1050 for income below $15K. This credit is not a refundable credit, which means that at most you only get enough to wipe out your tax liability for the year. So if you have no tax liability, you get no child care tax credit. Judy Â· 7 years ago.
The last word. To claim the child-care credit or benefit from tax-free child-care FSA reimbursements, you must include Form 2441 (Child and Dependent Care Expenses) with your Form 1040. Then claim the credit on Line 48 of your Form 1040.ou canât take advantage of both the credit and the tax-free FSA deal for the same child-care expenses, and any tax-free FSA reimbursements reduce your $3,000 or $6,000 expense cap for claiming the credit.