Nj Child Care Tax Credit. Ad search child care site. There are two major benefits of the child and dependent care credit:
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The amount varies according to the amount of the taxpayer's nj taxable income, similar to the earned income tax credit.
Families who meet certain income eligibility will receive $3,000 per child from the ages of 6 through 17, and $3,600 per child under the age of 6. For the 2020 tax year, the child and dependent care credit can get you 20% to 35% of up to $3,000 of child care and similar costs for a child under 13, an incapacitated spouse or parent, or. $3,584 with one qualifying child $ 538 with no qualifying children and a maximum nj state credit of: If two or more people care for the same person, the credit is apportioned based on the share of total care expenses for the year.