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.
â¢ Dependent Care Credit. The dependent care credit benefits taxpayers who have child care expenses for children under 13 and disabled dependents. Under Bush, the amount of eligible expenses was increased. The fiscal cliff bill makes those changes permanent.