Profiterole Finance

Childcare Tax Credit Calculator

Calculate your Child and Dependent Care Credit for 2024. See exactly how much the IRS gives back for your daycare, babysitter, or after-school costs.

Your Situation

Number of Qualifying Children

Annual Childcare Expenses ($)

Employer-Sponsored FSA Used ($) Dependent Care FSA (max $5,000)

Adjusted Gross Income (AGI)

Filing Status

Your Tax Credit

Eligible Expenses

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Credit Rate

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Tax Credit

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How It's Calculated

Actual childcare expenses—

IRS expense cap—

Less: FSA already used—

Qualifying expenses for credit—

Credit rate (based on AGI)—

Tax credit amount—

2024 Rules Summary

Expense limits: $3,000 for 1 child, $6,000 for 2+ children.

Credit rate: 20%–35% of qualifying expenses, depending on AGI. Phases down from 35% (AGI <$15K) to 20% (AGI >$43K).

FSA interaction: If you use a Dependent Care FSA, you must reduce qualifying expenses by the FSA amount. You can't double-dip.

Non-refundable: This credit reduces your tax bill to zero but won't generate a refund beyond what you owe.