- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How come when I enter in the amount of childcare expenses (~4500$), it does not increase the amount of my refund?
March 5, 2022
6:36 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Credits and deductions
Childcare expenses are not a credit, they are a deduction. A deduction reduces your taxable income, it doesn’t add directly to your tax refund. Also, they are non-refundable, so if your income before you added the expenses is zero, or you were already getting a refund before you added them, you will not see any changes to your refund.
March 9, 2022
11:59 AM