Some states allow LLC members to transfer real property to an LLC to receive a tax exemption. A new LLC can purchase real property and use the real estate portfolio to bolster its financial profile and add to its value.
The child and dependent care tax credit is a percentage of your day care expenses up to $3,000 for one dependent or $6,000 for two or more dependents. That's not the amount of your credit. It's the amount of day care expenses you can apply the percentage to.
The 2015 version of Form TD1 has been revised to remove the Child amount from section 2 of the form, because the Child Tax Credit has been replaced by the enhanced Universal Child Care Benefit. Section 2 of Form TD1 now contains only the Family caregiver amount for an infirm child under age 18, as this non-refundable tax credit has not been replaced.