Yes. The child and dependent care credit is a tax credit offered to taxpayers paying out-of-pocket expenses for qualifying dependents such as aging parents. That includes home care or adult daycare costs, and household services such as cooking and cleaning. But they do not include the fees associated with skilled nursing facilities or assisted living homes. The credit amount is calculated based on your income and a percentage of the expenses you incur. To claim the credit, you must complete Form 2441 and include it with your Form 1040.