Question

The Oregon Child and Dependent Care credit is calculated from:

a. Federal taxable income.
b. Federal AGI.
c. Qualified child care expenses on Form 2441.
d. Oregon Child Care percentage chart.

Answer 1

The Oregon Child and Dependent Care credit is calculated based on qualified child care expenses on Form 2441.

Step-by-step explanation:

The Oregon Child and Dependent Care credit is calculated from qualified child care expenses on Form 2441. This credit is specifically based on the eligible child care expenses paid by the taxpayer for their dependent child or children in order to allow the taxpayer to work or actively look for work.