Some states allow LLC members to transfer real property to an LLC to receive a tax exemption. A new LLC can purchase real property and use the real estate portfolio to bolster its financial profile and add to its value.
The child and dependent care tax credit is a percentage of your day care expenses up to $3,000 for one dependent or $6,000 for two or more dependents. That's not the amount of your credit. It's the amount of day care expenses you can apply the percentage to.
When you pay for child care so you can work or look for work, you can get a tax credit for up to 35 percent of child care expenses up to $3,000 for one child, or up to $6,000 for two or more children. This means that the credit can be up to $1,050 for one child or $2,100 for more than one child.