Form 2441 Child and Dependent Care Expenses--Page 2. Summary: This is an example of Form 2441 (2005), page 2, as pertains to the text. The completed line items are:
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Under
“Part III: Dependent Care Benefits”:
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“12. Enter the total amount of dependent care benefits you received for 2005. This amount should be shown in box 10 of your
W-2 form(s). Do not
include amounts that were reported to you as wages in box 1 of Form(s) W-2” field contains 3,000
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“14. Subtract line 13 from line 12” field contains 3,000
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“15. Enter the total amount of qualified expenses incurred in 2005 for the care of the qualifying person(s)” field contains
5,400
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“16. Enter the smaller of line 14 or 15” field contains 3,000
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“17. Enter your earned income” field contains 29,000
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“18. Enter the amount shown below that applies to you. If married filing jointly, enter your spouse's earned income (if your
spouse was a
student or was disabled, see the instructions for line 5); If married filing separately, see the instructions for the amount
to enter; All others,
enter the amount from line 17” field contains 29,000
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“19. Enter the smallest of line 16, 17, or 18” field contains 3,000
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“20. Enter the amount from line 12 that you received from your sole proprietorship or partnership. If you did not receive any
such amounts,
enter -0-.” field contains -0-.
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“21. Subtract line 20 from line 14..” field contains 3,000.
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“22. Enter $5,000 ($2,500 if married filing separately and you were required to enter your spouse's earned income on line 18)” field
contains 5,000.
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“23. Deductible benefits. Enter the smallest of line 19, 20, or 22. Also, include this amount on the appropriate line(s) of
your return (see
the instructions). Field contains -0-.”
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“24. Enter the smaller of line 19 or 22.” Field contains 3,000.
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“25. Enter the amount from line 23.” Field contains -0-.
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“26. Excluded benefits. Subtract line 25 from line 24. If zero or less, enter -0-.” Field contains 3,000.
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“27. Taxable benefits. Subtract line 26 from line 21. If zero or less, enter -0-. Also, include this amount on Form 1040, line
7. On the dotted
line next to line 7, enter DCB” Field contains -0-.
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Under
“To claim the child and dependent care credit, complete lines 28-32 below”:
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“28. Enter $3,000 ($6,000 if two or more qualifying persons)” field contains 6,000
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“29. Add lines 23 and 26” field contains 3,000
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“30. Subtract line 29 from line 28. If zero or less, stop. You cannot take the credit. Exception. If you paid 2004 expenses
in 2005, see the
instructions for line 9” field contains 3,000
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“31. Complete line 2 on the front of this form. Do not include in column (c) any benefits shown on line 29 above. Then, add
the amounts in
column (c) and enter the total here” field contains 2,400
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“32. Enter the smaller of line 30 or 31. Also, enter this amount on line 3 on the front of this form and complete lines 4-11” field
contains 2,400
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