The IRS has drastically increased this credit this year due to the pandemic and they are offering up to $4,000 for one child and up to $8,000 for two or more children.
To qualify for this credit you have to have child care expenses from daycare, paying a nanny/babysitter, or sending your child to a day camp.
If you paid a relative, you will need to include their name, address, and social on your tax return to receive the credit.
Don’t miss out on this huge credit that’s only available for this year!