The chart below provides an overview of the types of credits, the maximum deduction you may be entitled to take, and the adjusted gross income (AGI) limits. Above those amounts, eligibility may be reduced or eliminated.
Credit |
Maximum amount |
AGI limits
|
Child tax |
$1,000 per child |
Reduced for AGI above $75,000 if single, head of household, qualifying widow(er);
$110,000 if married filing jointly
|
Child and dependent
care |
Up to 35% of expenses, to a maximum amount of expenses of $3,000 for one person, $6,000 for two or more |
All qualify but rate is gradually reduced to 20% of expenses for AGIs over $15,000; minimum percentage of 20% applies to AGI greater than $43,000.
|
Adoption |
$13,170 |
Reduced above $182,520.
Eliminated above $222,520 for single, head of household, and married filing jointly
|
|
