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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.
(The exemption increases to $3,750 for 2011.). Dependent-care credit. Payments made to care for a child under the age of 13, or other qualifying dependent, while you work can earn you a tax credit from $600 (for one dependent) up to $2100 (for two or more dependents).If you do not work but go to school full-time, you may assume an annual earned income of $3,000 to apply this credit.doption credit. You can claim a tax credit for up to $13,170 of adoption expenses paid in 2010. If you adopt a child with special needs, you get the full credit even if the adoption cost less. The credit starts to phase out once your adjusted gross income exceeds $182,520.