In 2017, my wife and I paid $6,449 to 21 different babysitters throughout the year to watch our two kids at our home while we worked.
When I plugged in this number to TurboTax, it showed that I would get a $1,200 credit (20% of $6,000 which is the max you can claim for 2 dependents).
I don't think any of these 21 people are claiming their babysitting income on their taxes. I don't have SSN's for any of them either.
Is there any way to work around this legally and still get this credit? It bugs me that we're basically giving them money that they're not planning to have to pay taxes on and therefore we miss our on the nice credit.
When I plugged in this number to TurboTax, it showed that I would get a $1,200 credit (20% of $6,000 which is the max you can claim for 2 dependents).
I don't think any of these 21 people are claiming their babysitting income on their taxes. I don't have SSN's for any of them either.
Is there any way to work around this legally and still get this credit? It bugs me that we're basically giving them money that they're not planning to have to pay taxes on and therefore we miss our on the nice credit.
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