Tuesday, March 22, 2011
Tax Tip: Five Tax Facts about Summertime Child Care Expenses
Summertime Tax Tip 2009-03 Many parents who work or are looking for work must arrange for care of their children under 13 years of age during the school vacation. Here are five facts the IRS wants you to know about a tax credit available for child care expenses. The Child and Dependent Care Credit is available for expenses incurred during the lazy hazy days of summer and throughout the rest of the year. The cost of day camp can count as an expense towards the child and dependent care credit.
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