 Income tax 2021-2022, child and dependent care expenses credits who can take the credit or exclude dependent care benefits. Get ready to get refunds to the max diving into income tax 2021-2022. Most of this information can be found in the form 1040 Instructions Tax Year 2021 IRS website irs.gov irs.gov income tax formula down here in the credit area. Both credits and deductions being good, but if you had a dollar credit versus a dollar deduction, the credit would generally be better because you get the full dollars worth of the credit as opposed to the dollar of deduction, which would decrease the taxable income, the tax then being calculated on it. The credits can be broken out into two main categories, non-refundable credits and refundable credits. Non-refundable credits mean they're not going to take your tax liability below zero in essence. Non-refundable means they could and if they did, it...