United States. Congress. Joint Committee On Taxation
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JCX-7-88 April 19, 1988 Maximum Amount of Dependent Care Credit ^ Adjusted Gross Income 1 dependent $10,000 or less $720 15,000 648 20,000 600 25,000 528 28,001 - 65,000 480 65,001 480 70,000 480 75,000 480 80,000 480 85,000 480 92,000 480 93,501 or more 480 Law Propo sal 2 or more 1 dependent 2 or more dependents de pe ndents $1,440 $720 $1,440 1,296 648 1,296 1,200 600 1,200 1,056 528 1,056 960 480 960 960 456 912 960 384 768 960 312 624 960 240 480 960 144 288 960 48 96 960 ^ The dependent ca...re credit is nonrefundable; i.e., the maximum credit cannot exceed the taxpayer's income tax liability.
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