 Income tax 2022-2023. Child and dependent care expenses credit. Can you claim the credit? Part number two. Let's do some wealth preservation with some tax preparation. Most of this information comes from publication 503. Child and dependent care expenses tax year 2022. You can find on the IRS website, irs.gov, irs.gov. Looking at the income tax formula, we're at the bottom in the credit area. Remember, in the first half of the income tax formula is an essence and income statement, although a strange one, the bottom line being the taxable income similar to the net income in a normal income statement. We then calculate the tax on that, not with one rate, not with a flat tax, but with a progressive tax system to get to the tax before credits and other taxes. Then we're gonna be dealing with those credits and other taxes like the self-employment tax. Then we're gonna be.