Tax Credit Rates for 2020
If you are claiming the tax credit for childcare expenses for 2020, use the table below to find the rate that corresponds to your family income for the year.
Family income ($) | Tax credit rate (%) | |
---|---|---|
greater than | to | |
– | 36,570 | 75 |
36,570 | 37,920 | 74 |
37,920 | 39,285 | 73 |
39,285 | 40,625 | 72 |
40,625 | 41,985 | 71 |
41,985 | 43,335 | 70 |
43,335 | 44,705 | 69 |
44,705 | 46,055 | 68 |
46,055 | 47,405 | 67 |
47,405 | 48,750 | 66 |
48,750 | 50,125 | 65 |
50,125 | 51,470 | 64 |
51,470 | 52,825 | 63 |
52,825 | 54,170 | 62 |
54,170 | 55,535 | 61 |
55,535 | 100,225 | 60 |
100,225 | 143,885 | 57 |
143,885 | 145,250 | 54 |
145,250 | 146,615 | 52 |
146,615 | 147,970 | 50 |
147,970 | 149,340 | 48 |
149,340 | 150,705 | 46 |
150,705 | 152,060 | 44 |
152,060 | 153,430 | 42 |
153,430 | 154,790 | 40 |
154,790 | 156,140 | 38 |
156,140 | 157,520 | 36 |
157,520 | 158,875 | 34 |
158,875 | 160,255 | 32 |
160,255 | 161,615 | 30 |
161,615 | 162,975 | 28 |
162,975 | or more | 26 |