Forms 40, 40s, And Instructions; Schedule Wfc And Instructions - 2006 Page 29
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31the academy for four months during the year. The total
Qualifying child information
amount of $2,000 will be entered on line 6.
Example 5: Cate qualifies for state assistance to pay her
Enter the full name of each
Sched.
–
10
14
child care expenses. The child care provider charges
qualifying child, the child’s
WFC
Cate $600 per month to care for her two qualifying
Social Security number or
children. Of the $600 per month, the state pays $450,
ITIN, the child’s date of birth, and the child’s relation-
and Cate has a co-pay of $150. Cate can only claim the
ship to you using the codes shown below.
amount she actually paid ($150 per month). She will
Enter the portion of expenses you listed in the child
enter $1,800 on line 6 of the schedule ($150 × 12 months).
care provider section that apply to each child. The
She will not include the non-qualifying expenses paid
amounts shown on line 9 and line 14 should always
by the state.
be the same.
Proof of qualifying child care expenses. You must be
able to prove that you paid the child care expenses to
Example 6: Bill paid two child care providers $5,000
claim this credit. Acceptable proof includes, but is not
during the year for his two qualifying children, Joe
limited to, copies of:
and Lane. Of the $5,000 he paid, $3,000 was for Joe’s
care and $2,000 was for Lane’s care. He will enter those
• Canceled checks or money order stubs,
amounts next to each child’s information.
• Duplicate checks along with bank statements, and/
or
• Signed receipts from the child care provider received
Computation of credit
at the time of payment. Receipts must include:
— The child’s full name.
You must know your federal adjusted
Sched.
15
— Dates of care.
gross income (AGI) to compute this
WFC
— Date and amount of child care paid.
credit. You can find your federal AGI
— Name of person or agency paying.
on your Oregon Form 40S or Form 40, line 8. Enter
— Provider’s name, address, and telephone number.
your federal AGI on Schedule WFC, line 15.
— Provider’s identification number (SSN/FEIN).
Enter the total qualifying expenses
Sched.
— The method of payment (check, money order,
16
from Schedule WFC, line 9, on Schedule
WFC
cash, etc.).
WFC, line 16. Also enter this amount
Get a separate receipt for each child and identify the
on Form 40S, line 21b, or Form 40, line 45b.
type of care or schooling received.
Use the table on the back of Sched-
Sched.
The department can ask for proof when your tax
17
ule WFC (page 38) that matches your
WFC
return is being processed or at a later time. If you pay
household size, line 5.
a relative to care for your children, you may be asked
For example, if your household size is three, use Table
to provide additional information that shows you actu-
3 to find the percentage you need to apply to your
ally paid qualifying child care expenses. Be sure to ask
qualifying expenses. Enter that percentage on Sched-
for a signed receipt from your child care provider each time
you pay for child care.
ule WFC, line 17.
Schedule WFC Relationship Codes
Son ........................................................................ S
Eligible foster child ..........................................EF
Daughter ............................................................. D
Aunt .................................................................... A
Stepson .............................................................. SS
Uncle ................................................................... U
Stepdaughter .................................................... SD
Cousin ............................................................... CS
Grandchild ...................................................... GC
Sister-in-law ......................................................SL
Niece ................................................................ NC
Brother-in-law ..................................................BL
Nephew .......................................................... NW
Other relative ..................................................... O
Sister/Brother ...................................................SB
None .................................................................... N
Or, visit our website at
Schedule WFC instructions for residents
39
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