Form 8882 - Credit For Employer-Provided Childcare Facilities And Services
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18882
OMB No. 1545-1809
Credit for Employer-Provided Childcare
Form
Facilities and Services
(Rev. December 2006)
Attachment
Department of the Treasury
131
Attach to your tax return.
Internal Revenue Service
Sequence No.
Name(s) shown on return
Identifying number
1
1
Qualified childcare facility expenditures paid or incurred
2
2
Enter 25% (.25) of line 1
3
3
Qualified childcare resource and referral expenditures paid or incurred
4
4
Enter 10% (.10) of line 3
5
Credit for employer-provided childcare facilities and services from partnerships, S corporations,
5
estates, and trusts
6
6
Add lines 2, 4, and 5
7
Enter the smaller of line 6 or $150,000. Estates and trusts, go to line 8. All others report this
amount as follows: partnerships and S corporations, report this amount on Schedule K; all others,
7
report the credit on the applicable line of Form 3800, (e.g., line 1n of the 2006 Form 3800)
8
8
Amount allocated to beneficiaries of the estate or trust (see instructions)
9
Estates and trusts. Subtract line 8 from line 7. Report the credit on the applicable line of Form
3800 (e.g., line 1n of the 2006 Form 3800)
9
General Instructions
Qualified childcare expenditures are amounts paid or
incurred:
Section references are to the Internal Revenue Code.
To acquire, construct, rehabilitate, or expand property that:
What’s New
1. Is to be used as part of a qualified childcare facility of
the taxpayer,
The tax liability limit is no longer figured on this form.
Instead, it must be figured on Form 3800, General Business
2. Is depreciable (or amortizable) property, and
Credit.
3. Is not part of the principal residence of the taxpayer or
Taxpayers that are not partnerships, S corporations,
any employee of the taxpayer;
estates, or trusts, and whose only source of this credit is
For the operating expenses of a qualified childcare facility
from those pass-through entities, are not required to
of the taxpayer, including expenses for training of employees,
complete or file this form. Instead, they can report this credit
scholarship programs, and providing increased compensation
directly on line 1n of Form 3800.
to employees with higher levels of childcare training; or
The IRS will revise this December 2006 version of the form
Under a contract with a qualified childcare facility to
only when necessary. Continue to use this version for tax
provide childcare services to employees of the taxpayer.
years beginning after 2005 until a new revision is issued.
Note. Any expenses for childcare included in qualified
Purpose of Form
childcare facility expenditures may not exceed the fair market
value of such care.
Employers use Form 8882 to claim the credit for qualified
childcare facility and resource and referral expenditures. The
A qualified childcare facility is a facility that meets the
credit is part of the general business credit. You may claim
requirements of all applicable laws and regulations of the
the credit any time within 3 years from the due date of your
state or local government in which it is located, including the
return on either an original or amended return.
licensing of the facility as a childcare facility. The following
conditions must also be met.
For details, see section 45F.
The principal use of the facility must be to provide
How To Figure the Credit
childcare (unless the facility is also the personal residence of
The credit is 25% of the qualified childcare facility
the person operating the facility).
expenditures plus 10% of the qualified childcare resource
Enrollment in the facility must be open to employees of the
and referral expenditures paid or incurred during the tax year.
taxpayer during the tax year.
The credit is limited to $150,000 per tax year.
8882
For Paperwork Reduction Act Notice, see back of form.
Cat. No. 33436Y
Form
(Rev. 12-2006)
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