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Arkansas Early Childhood Program

Arkansas allows an Early Childhood Credit for individuals with a dependent child placed in an approved child care facility while the parent or guardian worked or pursued employment. This credit is equal to 20% of the federal Child Care

What is the Second Lowest Cost Silver Plan (SLCSP) and the Affordable Care Act /Obamacare?

There are four types of plans sold on the insurance exchange- bronze, silver, gold and platinum. Each plan offers a different level of health coverage available at different costs. The Second Lowest Cost Silver Plan, is the silver plan with the second lowest cost and available in the area in which the taxpayer lives. To find this while searching the exchange, sort the silver plans by price and find the one available to you (and your family) with the second lowest cost. The Premium Tax Credit is based on the Second Lowest Cost Silver Plan (SLCSP) that is available in the area in which the individual taxpayer lives. You do not have to select the Second Lowest Cost Silver Plan to qualify for the credit. The Premium Tax Credit is calculated as follows: Calculate the Household Income Calculate Household Income as percentage of Federal poverty line Calculate the applicable percentage Calculate the required contribution (household income X applicable percentage) Find the Second Lowest Cost Silver Plan (SLCSP) on the exchange Subtract the required contribution from the SLCSP Compare the difference to the premiums for the health plan actually enrolled in Lower amount is the amount of the tax credit for the year Individuals may purchase a higher plan and pay the difference between the credit amount and the cost of the more expensive plan. Individuals may also purchase a cheaper plan but, if eligible for the tax credit, will not receive the credit.

Maine Credits

Child Care Credit Your child care provider may be certified as a Quality Child Care Program facility by the Department of Health and Human Services (DHHS), Office of Child Care and Head Start. If so, you will be required to enter your

How do I know if the person I paid for childcare qualifies?

Qualified Expenses These include amounts paid for household services and care of the qualifying person while you worked or looked for work. Child support payments are not qualified expenses. Also, expenses reimbursed by a state social

Please explain all of the credits that are available related to me and my family.

Child and Dependent Care Costs: If you paid someone to care for your child who is under age 13 (such as daycare), you may be able to reduce your tax by claiming the Credit for Child and Dependent Care Expenses. You can also claim

How do I delete Forms?

Most forms are automatically removed if you delete the information entered in the program in reference to that form. Some forms, such as the Form 2441 for Child Care Credit, must be removed by the user. In these cases, a "Delete Form


or child care reimbursement.

Colorado Credits

Investment Credit - Please see FYI Publication - Income 56 Minimum Tax Credit - Please see FYI Publication - Income 14 Historic Property Preservation - Please see FYI Publication - Income 1 Child Care Center Investment Credit - Please see FYI

W-2 Information

or child care reimbursement. If you received this form, you can enter it in your TaxSlayer account by selecting Federal Section >> Income >> Enter Myself >> Wages and Salaries in the Federal section of the program.

Federal Section > Deductions > Credits

A credit reduces the actual amount of your tax bill, dollar for dollar. In the Credits Section you will be able to enter: · Foreign Tax Credit · Child Care Credit · Education Credits · Retirement Savings Credit · Residential Energy Credit