Here’s some good news from the IRS…
If you send your (under-13-year-old) child to summer camp, or a before-or-after-school program, you may be able to claim the child and dependent care tax credit.
Of course, we’re dealing with the IRS so you have to know the rules.
Luckily, we do, and we’ll show you how to play the game completely legally when you read my new article titled Tax Tips: Do This Right: Claim a Tax Credit for Sending Your Child to Camp.
Three ways our fact-filled article can help you:
- You’ll learn who can claim the dependent-care credit. You’re eligible to claim a tax credit for child and dependent care expenses that allow you and your spouse (if you’re married) to work or look for work. How much can you receive? The credit amount is based on a percentage of your income as we’ll explain when you read the full article.
- We’ll tell you how to qualify for the tax credit. There are three qualifications you’ll need to meet. We’ll explain them in easy-to-understand language when you read the full article.
- You’ll learn why expenses must be work related. Important! The expenses you incur must be paid so you can look for work. You can be employed or self-employed and work full time or part time. If you’re married, you and your spouse must be working or looking for work. We’ll spell out all the details when you read the full article.