This year, thank to the Child and Dependent Care Credit, I saved $400. How far can $400 go? For my family, it equals to one week of mortgage, or two weeks of groceries, or five weeks of gasoline. It may not sound much, but is indeed very helpful. Coincidentally (and unfortunately), I had an accident just a couple of weeks ago. I was hit from behind by an unlicensed driver. My 22-month-old was in the car when the accident happened. Since the other party was not licensed nor insured, I had to pay for the damage with my own insurance. I have a $500 collision deductible and the $400 child care credit kicked in just in time to help me fix my car and replace my baby’s infant car seat.