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This form is used by California taxpayers to claim the Child and Dependent Care Expenses Credit for qualifying care expenses incurred in 2024 for children or dependents. It must be attached to California Form 540 or Form 540NR and requires detailed information on care providers, qualifying individuals, and associated expenses.
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What is ftb 3506?
FTB 3506 is a form used by the California Franchise Tax Board for reporting certain tax credits, specifically related to the California Child and Dependent Care Expenses Credit.
Who is required to file ftb 3506?
Taxpayers who are claiming the California Child and Dependent Care Expenses Credit are required to file FTB 3506.
How to fill out ftb 3506?
To fill out FTB 3506, taxpayers must provide information about their qualifying expenses, the care providers, and any relevant tax identification numbers. Detailed instructions are provided with the form.
What is the purpose of ftb 3506?
The purpose of FTB 3506 is to allow taxpayers to report their expenses related to child and dependent care, which can qualify them for a tax credit.
What information must be reported on ftb 3506?
Taxpayers must report the total amount of qualifying expenses, information about care providers including their names, addresses, and Tax ID numbers, as well as any relevant calculations related to the tax credit.
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