RESIDENTIAL OR BUSINESS. When you order a Free Phone Number you get a local number in the area of your choice with no setup, monthly or per-minute fees! We offer Free Phone Numbers in parts of New York State that may be used for personal or business purposes.
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.
Currently, the dependent deduction is $4000 per child. Applying the national average for child care costs ($12,000) increases this de facto to $16,000. These two tiers of the child deduction phase out at different levels, but become generally unavailable at the very high end of the income spectrum. This is all in addition to the $1000 child tax credit, which phases out at a much lower level of income ($110,000).