California Form 3506 - Child And Dependent Care Expenses Credit - 2007 Page 2

Download a blank fillable California Form 3506 - Child And Dependent Care Expenses Credit - 2007 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete California Form 3506 - Child And Dependent Care Expenses Credit - 2007 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

Print and Reset Form

Reset Form

Part IV Dependent Care Benefits

3 Enter the total amount of dependent care benefits you received for 2007. This amount should be shown in box 10 of

your Form(s) W-2. Do not include amounts that were reported to you as wages in box 1 of Form(s) W-2. Include

amounts you received under a dependent care assistance program from your sole proprietorship or partnership . . . . . .

4 Enter the amount, if any, you carried over from 2006 and used in 2007 during the grace period . . . . . . . . . . . . . . . . . . .

(

)

5 Enter the amount, if any, you forfeited or carried forward to 2008. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Combine line 13 through line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Enter the total amount of qualified expenses incurred in 2007 for the

care of the qualifying person(s). See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . .

8 Enter the smaller of line 16 or line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9 Enter YOUR earned income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20 If married or an RDP filing a joint return, enter YOUR SPOUSE’S/RDP’s earned

income (if your spouse/RDP was a student or was disabled, see the instructions

for line 5); if married or an RDP filing a separate return, see the instructions for the

amount to enter; all others, enter the amount from line 19. . . . . . . . . . . . . . . . . . . .

2 Enter the smallest of line 18, line 19, or line 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

22 Enter the amount from line 13 that you received from your sole proprietorship or partnership. If you did not receive

any amounts, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

23 Subtract line 22 from line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

24 Enter $5,000 ($2,500 if married or an RDP filing separately and you were required to enter your spouse’s/RDP’s earned

income on line 20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

25 Deductible benefits. Enter the smallest of line 21, line 22, or line 24. Also, include this amount on the

appropriate line(s) of your return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

26 Enter the smaller of line 21 or line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

27 Enter the amount from line 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

28 Excluded benefits. Subtract line 27 from line 26. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

29 Taxable benefits. Subtract line 28 from line 23. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

30 Enter $3,000 ($6,000 if two or more qualifying persons) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Enter the amount from line 25 and line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

32 Subtract the amount on line 31 from the amount on line 30. If zero or less, stop. You do not qualify for the credit.

Exception – If you paid 2006 expenses in 2007, see instructions for line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

33 Complete Side 1, Part III, line 2. Add the amounts in column (e) and enter the total here . . . . . . . . . . . . . . . . . . . . . . . . .

34 Enter the amount from your federal Form 2441, Part III, line 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

35 Enter the smaller of line 32, line 33, or line 34. Also, enter this amount on Side 1, line 3 on the front of this form and

complete line 4 through line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Worksheet – Credit for 2006 Expenses Paid in 2007

1) Enter your 2006 qualified expenses paid in 2006. If you did not claim the credit for these expenses on your 2006

return, get and complete a 2006 form FTB 3506 for these expenses. You may need to amend your 2006 return . . . . . . . . . . . . . . . ____________________

2) Enter your 2006 qualified expenses paid in 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ____________________

3) Add the amounts on line 1 and line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ____________________

4) Enter $3,000 if care was for one qualifying person ($6,000 for two or more) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ____________________

5) Enter any dependent care benefits received for 2006 and excluded from your income

(from line 24 of 2006 form FTB 3506) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ____________________

6) Subtract amount on line 5 from amount on line 4 and enter the result . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ____________________

7) Compare your and your spouse’s/RDP’s earned income for 2006 and enter the smaller amount . . . . . . . . . . . . . . . . . . . . . . . . . . . ____________________

8) Compare the amounts on line 3, line 6, and line 7 and enter the smallest amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ____________________

9) Enter the amount from your 2006 form FTB 3506, line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ____________________

10) Subtract amount on line 9 from amount on line 8 and enter the result. If zero or less, stop here. You cannot increase

your credit by any previous year’s expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ____________________

11) Enter your 2006 federal adjusted gross income (AGI) (from your 2006 Form 540, line 13; 540A, line 12b;

or Long Form 540NR, line 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ____________________

12) 2006 federal AGI decimal amount (from 2006 form FTB 3506, instructions for line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ____________________

13) Multiply line 10 by line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ____________________

14) 2006 California AGI decimal amount (from 2006 form FTB 3506, instructions for line 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ____________________

15) Multiply line 13 by line 14. Enter the result here and on line 11 of your 2007 form FTB 3506 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ____________________

Side 2 FTB 3506 2007

7252073