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If you had $12,000 in income, for example, and $800 in eligible child care expenses, then, your credit would be 35 percent of $800, or $280. For taxpayers with incomes of more than $43,000, the percentage was 20 percent, with no upper income limit.
Dependent Care Credit. After choosing to itemize your deductions, you may claim the Child and Dependent Care credit on Form 1040, 1040A or 1040NR.The IRS places a dollar limit on the amount of expenses paid for the year to claim the credit.For tax year 2012, the dollar limit is $3,000 for one qualifying child and $6,000 for two or more qualifying children.ou may include dependent care payments to relatives. However, you may not claim the credit for payments made to anyone whom you or your spouse can claim as a dependent on your federal tax returns.