Did you even know that you could take your summer child care expenses off of your IRS taxes? If you are a working parent or even one who is looking for work, keep those receipts for any of the day care or summer camps your children participated in.

This is not something that only accountants or rich parents know about. The IRS is trying to spread the world about the costs of child care expenses for children under  13 years of age.

Five Tips to Help You Save on Taxes

  1. Summer day camp costs can count as an expense towards the child and dependent care credit.
  2. Be careful though, overnight camps are disqualified. 
  3. Who is your child care provider? Is he or she also a sitter at your home or a day care facility outside of your home, you'll get some tax benefit if you qualify. 
  4. The actual credit can by up to 35 percent of you qualifying expenses, depending on your income. 
  5. You may use up to $3,000 of the expenses paid in a year for one child or up to $6,000 for two or more qualifying individuals when you figure the credit.     

 Help In Figuring Your Child Credit on Taxes 

It sounds more complicated than it really is. If you need more information, including the rules for claiming a spouse  who is unable to care for himself or herself or a dependent young child go to the IRS website, IRS.gov

You will find assistance by checking out Internal Revenue Service publication 503, Child and Dependent Care Expenses.  You can also call 800-Tax-Form or 800-829-3676.

In graditude,

Judy H. Wright aka Auntie Artichoke, family relationship author and keynote speaker
http://www.ArtichokePress.com   Claim your free eBook on effective communication on our website.

IRS Tax Credit for Summer Child Care