Child and Dependent Care Tax Credit in Georgia

Georgia provides two tax credits designed to assist working families in covering expenses related to caregiving for their loved ones.

1. Georgia Child and Dependent Care Credit: This credit amounts to 30% of the federal Child and Dependent Care Tax Credit (CDCTC). It is non-refundable and cannot be carried forward, allowing taxpayers to recoup costs associated with qualified child and dependent care expenses.

2. Qualified Caregiving Expense Credit: This credit is intended for qualifying care expenses for family members aged 62 and older, or for a dependent who has been determined disabled by the Social Security Administration. The credit is equal to 10% of the eligible caregiving expenses and is capped at $150.

Eligible Expenses for the Qualified Caregiving Expense Credit

Qualifying expenses under Georgia’s Qualified Caregiving Expense Credit include services such as home health agency services, personal care services, personal care attendant services, adult day care, respite care, and health care equipment or supplies that a physician has determined to be medically necessary.

To claim the Child and Dependent Care Tax Credit in Georgia using TurboTax, follow these steps:

1. Go to TurboTax: Start your tax return.

2. Navigate to Deductions & Credits: Once you’re in your tax return, go to the “Deductions & Credits” section.

3. Find the Child and Dependent Care Section: Look for the section labeled “Child and Dependent Care Expenses.” TurboTax will guide you to this area, typically under the “Child Care” or “Credits” subsection.

4. Answer the Questions: TurboTax will ask a series of questions about your child and dependent care expenses. Be prepared to provide the following information:

• The names and ages of your qualifying children or dependents.
• The amounts you paid for child or dependent care services.
• The name, address, and tax identification number of the care provider.