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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.
You may be able to include your dependent child's dividend and interest income on your tax return. Your child will not have to file their own tax return if you do this. All of the following conditions must be met before you can claim your child's interest and dividend income on your return:Your child is under age 19 (or under age 24 if a he or she is a student) at the end of the Tax Year.f your dependent is claimed on your tax return, they may still be required to file an income tax return of their own. The requirements vary by marriage status and age. The minimum income requirements for dependents are listed in the table below: