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previous page Previous Page: Publication 503 - Child and Dependent Care Expenses - Employment Taxes for Household Employers
next page Next Page: Publication 503 - Child and Dependent Care Expenses - Examples
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taxmap/pubs/p503-004.htm#en_us_publink100098077

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Worksheet A. Worksheet for 2007 Expenses Paid in 2008

Use this worksheet to figure the credit you may claim for 2007 expenses paid in 2008.

1. Enter your 2007 qualified expenses paid in 20071.             
2. Enter your 2007 qualified expenses paid in 20082.             
3. Add the amounts on lines 1 and 23.             
4. Enter $3,000 if care was for one qualifying person ($6,000 if for two or more)4.             
5. Enter any dependent care benefits received for 2007 and excluded from your income (from your 2007 Form 2441, line 27, or 2007 Schedule 2 (Form 1040A), line 21.) 5.             
6. Subtract the amount on line 5 from the amount on line 4 and enter the result6.             
7. Compare your earned income for 2007 and your spouse's earned income for 2007 and enter the smaller amount7.             
8. Compare the amounts on lines 3, 6, and 7 and enter the smallest amount8.             
9. Enter the amount on which you figured the credit for 2007 (from line 6 of your 2007 Form 2441 or Schedule 2 (Form 1040A)).9.             
10. Subtract the amount on line 9 from the amount on line 8 and enter the result. If zero or less, stop here. You cannot increase your credit by any previous year's expenses 10.             
11. Enter your 2007 adjusted gross income (from your 2007 Form 1040, line 38, Form 1040A, line 22, or Form 1040NR, line 36).11.             
12. Find your 2007 adjusted gross income in the table below and enter the corresponding decimal amount here12.             
 
   IF your 2007 adjusted gross income is: THEN the decimal    
    Over: But not over:   amount is:    
    $   0$15,000   .35    
    15,00017,000  .34    
    17,00019,000  .33    
    19,00021,000  .32    
    21,00023,000  .31    
    23,00025,000  .30    
    25,00027,000  .29    
    27,00029,000  .28    
    29,00031,000  .27    
    31,00033,000  .26    
    33,00035,000  .25    
    35,00037,000  .24    
    37,00039,000  .23    
    39,00041,000  .22    
    41,00043,000  .21    
    43,000No limit  .20    
 
13. Multiply line 10 by line 12. Add this amount to your 2008 credit and enter the total on line 9 of your 2008 Form 2441 or Schedule 2 (Form 1040A). Enter the following on the dotted line
next to line 9 of Form 2441 or in the space to the left of line 9 on Schedule 2 (Form 1040A):
  • "CPYE"
  • The amount of this credit for a prior year's expenses


Also, attach a statement to your tax return showing the name and taxpayer identification number of the person for whom you paid the prior year's expenses and how you figured the credit.
13.             
 

Worksheet A. Filled-in Worksheet for 2007 Expenses
Paid in 2008

Use this worksheet to figure the credit you may claim for 2007 expenses paid in 2008.
1. Enter your 2007 qualified expenses paid in 20071. $2,000
2. Enter your 2007 qualified expenses paid in 20082. 600
3. Add the amounts on lines 1 and 23. 2,600
4. Enter $3,000 if care was for one qualifying person ($6,000 if for two or more)4. 3,000
5. Enter any dependent care benefits received for 2007 and excluded from your income (from 2007 Form 2441, line 27, or 2007 Schedule 2 (Form 1040A), line 21) 5. 0
6. Subtract the amount on line 5 from the amount on line 4 and enter the result6. 3,000
7. Compare your earned income for 2007 and your spouse's earned income for 2007 and enter the smaller amount7. 14,000
8. Compare the amounts on lines 3, 6, and 7 and enter the smallest amount8. 2,600
9. Enter the amount on which you figured the credit for 2007 (from line 6 of your 2007 Form 2441 or Schedule 2 (Form 1040A))9. 2,000
10. Subtract the amount on line 9 from the amount on line 8 and enter the result. If zero or less, stop here. You cannot increase your credit by any previous year's expenses 10. 600
11. Enter your 2007 adjusted gross income (from your 2007 Form 1040, line 38, Form 1040A, line 22, or Form 1040NR, line 36)11. 30,000
12. Find your 2007 adjusted gross income in the table below and enter the corresponding decimal amount here12. .27
 
   IF your 2007 adjusted gross income is: THEN the decimal    
    Over But not over   amount is:    
    $   0$15,000   .35    
    15,00017,000  .34    
    17,00019,000  .33    
    19,00021,000  .32    
    21,00023,000  .31    
    23,00025,000  .30    
    25,00027,000  .29    
    27,00029,000  .28    
    29,00031,000  .27    
    31,00033,000  .26    
    33,00035,000  .25    
    35,00037,000  .24    
    37,00039,000  .23    
    39,00041,000  .22    
    41,00043,000  .21    
    43,000No limit  .20    
 
13. Multiply line 10 by line 12. Add this amount to your 2008 credit and enter the total on line 9 of your 2008 Form 2441 or Schedule 2 (Form 1040A). Enter the following on the dotted line
next to line 9 of Form 2441 or in the space to the left of line 9 on Schedule 2 (Form 1040A):
  • "CPYE"
  • The amount of this credit for a prior year's expenses

Also, attach a statement to your tax return showing the name and taxpayer identification number
of the person for whom you paid the prior year's expenses and how you figured the credit.
13. $162
 
previous pagePrevious Page: Publication 503 - Child and Dependent Care Expenses - Employment Taxes for Household Employers
next pageNext Page: Publication 503 - Child and Dependent Care Expenses - Examples
 Use previous pagenext page to find additional occurrences of topic items.Index for this Publication