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Form 8862 North Carolina: What You Should Know

Other eligible child expenses. The expenses to be deducted are defined as: child care expenses which the taxpayer actually and substantially incurred and paid as a result of the taxpayer's ability to qualify financially for child care under the North Carolina Income Tax Coordination Act (Act 21 of 1990, c. 519) and child care expenses directly relating to the family's income being reported correctly on the taxpayer's income tax return to the North Carolina Department of Motor Vehicles (DMV). Other family members may also qualify to take a deduction. The deduction has a maximum of 3,500 in 2017, 4,500 in 2018, and 5,000 beginning in 2023 and each subsequent year. To earn a North Carolina Child Deduction, a taxpayer must be eligible to claim the North Carolina Child Deduction and the household must include all the following: • At least one eligible child in the household; • The taxpayer must file a North Carolina tax return with the appropriate North Carolina taxpayer identification number (tax return number) and North Carolina tax code used when filing the tax return; • The taxpayer must file North Carolina tax return form NC12 for each taxpayer and the form NC12 is included on the North Carolina tax return form (see below for additional information); and • There is an annual limitation of 3,500 on the child credit which must be applied to the North Carolina taxable income of the taxpayer for all years. In addition, no additional qualifying child may be claimed.

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