Last Updated : January 14, 2009
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8882

Form 8882

Credit for Employer Provided Child Care Facilities And Services

PURPOSE OF THE FORM :

Use Form 8882 to claim the credit for Qualified childcare facility and resource and referrral expenditures. The credit is a part of the general business credit. A taxpayer may claim the credit any time within 3 years from the due date of your return on either an original or amended return.

HOW TO FIGURE THE CREDIT :
The credit is 25% of the Qualified childcare facility expenditures plus 10% of the Qualified childcare resource and referral expenditures paid or incurred during the tax year. The credit is limited to $150000 per tax year.

Line 1:
Enter on line 1 the Qualified Child care facility expenditures paid or incurred. These include

  • To acquire, construct , rehabilitate, or expand property that:
    1.Is to be used as part of a qualified childcare facility of the taxpayer.
    2.Is depreciable (or Amortizable) property, and
    3.Is not part of the principal residence of the taxpayer or any employee of the taxpayer.

  • For the operating expenses of a Qualified childcare facility of the taxpayer , including expenses for training of employees, scholarship programs , and providing increased compensation to employees with higher levels of childcare training ; or

  • Under a contract with a qualified childcare facility to provide childcare services to employees of the taxpayer.

  • The principal use of the facility must be to provide childcare (unless the facility is also the personal residence of the person operating the facility).

  • Enrolment in the facility must be open to employees of the taxpayer during the tax year.

  • If the facility is the principal trade or business of the taxpayer, at least 30% of the enrollees of the facility must be dependents of the employees of the taxpayer.

  • The use of the facility (or the eligibility to use the facility) must not discriminate in favour of highly compensated employees.

Line 2:
The program will calculate 25% of line 1 if line 1 is greater than zero.

Line 3:
Enter on this line the Qualified child care resources and referral expenditures paid or incurred. Qualified childcare resource and referral expenditures are amounts paid or incurred under a contract to provide childcare resource and referral services to employees of the taxpayer. The provision of the services (or the eligibility to use the services) must not discriminate in favour of highly compensated employees.

Line 4:
The program will calculates 10% of line 3 if line 3 is greater than zero.

Line 5:
The amount on this line comes from schedule K-1P/S and schedule K-1ET line named credit for employer provided child care facilities.

Line 6:
The program add lines 2 , 4 and 5.

Line 7:
The amount on this line is the current year credit. The program calculates lower of line 6 or $150000 (limit for 2006) and reports this amount on Form 3800.

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