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Child and Dependent Care Credit Value If your income is less than $15,000, you will be eligible for the full 35%. The percentage drops 1% for every additional $2,000 of income until it reaches 20% (for incomes of $43,000 or more).
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For each qualifying child you have who is 5 or younger, you will generally receive $300. This is determined by dividing $3,600 in half, which is $1,800.
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You can claim the EIC without a child, even if your dependent doesn't have a valid Social Security number for tax year 2021 and beyond.
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