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Low Income Child and
Dependent Care Worksheet

 

Press the Tab button to scroll through the input fields. 
The form will calculate the eligible credit amount.
1.  Accredited Care provider amount . . . . . . . . .
2.  Total care amount . . . . . . . . . . . . . . . . . . . .
3.  Divide Line 1 by Line 2 . . . . . . . . . . . . . . . .
 $ x = $ x 0.5 = $
  Federal Credit        Line 3          Eligible Credit            Low Income Credit
(1040, Line 48                                                                 IN-111, Section 7,
or 1040A, Line29)                                                                 Line 31g.
You may wish to also calculate your VT tax using 24% of the full Federal credit and compare to the credit calculated on this worksheet to determine which credit is best for you.  You cannot take both credits.
 

 

Return to Low Income Child and Dependent Care Credit Information

View Accredited Vermont Daycare Facilities

Click here to read more about available Tax Credits

 
Vermont Department of Taxes, 133 State Street, Montpelier, Vermont 05633-1401