Go Back   CDN Business Directory > Main Category > Taxes

 
 
Thread Tools Display Modes
 
Old 03-16-2007, 03:52 PM
Katie
Guest
 
Posts: n/a
Default Re: California Child Care Credits

"Jennifer Gusti" <m...[at]privacy.net> wrote:

- quote -

> I was employed for the first half of the year, and
> self-employed for the second half of the year. Apparently I
> qualify for both the California child and dependent care
> credit taken on form 3506, and the employer child care
> contribution credit taken on form 3501. Can I , in fact,
> take both credits, or does taking one prohibit taking the
> other? I would use Jan-Jun expenses on the 3506, and
> Jul-Dec expenses on the 3501.


I don't see any reason why you cannot take both -- the Sec.
17052.6 child care credit for the part of the year when you
were employed, and the employer credit (Sec. 17052.18) for
the part of the year when you were self-employed. I
wouldn't be surprised, though, if the apparent doubling up
resulted in some correspondence with the FTB.

Katie in San Diego

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #-1  
Old 03-15-2007, 04:09 AM
Jennifer Gusti
Guest
 
Posts: n/a
Default California Child Care Credits

I was employed for the first half of the year, and
self-employed for the second half of the year. Apparently I
qualify for both the California child and dependent care
credit taken on form 3506, and the employer child care
contribution credit taken on form 3501. Can I , in fact,
take both credits, or does taking one prohibit taking the
other? I would use Jan-Jun expenses on the 3506, and
Jul-Dec expenses on the 3501.

Thank you for any and all advice.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 

Tags
california, care, child, credits
Similar Threads
Thread Forum Replies Last Post
dependent care benefits and credit for child and dependent care expenses
Tobi: I put $3500 in a flexible spending account for daycare expenses, which reduced my income. If I fill out form 2441 I find that I can not claim the...
Taxes 2 03-13-2006 06:37 PM
child care credit...
Skeets: i'm wonderin gis pre-school, as opposed to daycare, is eligible for the child care credit? the mrs and i work and our son went into pre-school in...
Taxes 4 12-02-2005 12:34 AM
FSA or Child Care Credit?
russ@russ.net: Is it generally better to do the $5000 pre-tax on an employers FSA plan or to not use that and deduct the child-care expenses yourself on your...
Taxes 4 11-06-2005 04:09 PM
Use of BOTH Child care flex accounts and child care tax credit...
Tripp Knightly: Can somebody please summarize the rules for using BOTH a child care flex spending account in addition to seeking the child care tax credit? ...
Taxes 4 06-14-2004 06:27 AM
Child care tax credit and divorce
Kevin: Through my divorce decree I am able to claim one of my children as a dependant. My question is, can I claim the child care tax credit because I...
Taxes 3 11-20-2003 04:35 PM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 03:52 PM.