Free Consultation|USA Only +1 (866)754 4460|Outside USA +1 (516)822 3100
InfoTaxSquare.com - Website Logo
  You are here : Home  >   Services  >   Income Tax Filing Across The USA  
TESTIMONIALS
InfoTaxSquare.com - Testimonials  


Summer time Child Care Expenses May Qualify for a Tax Credit!

 
5/5 stars (1 vote)
Category : > Income Tax Filing Across The USA
Posted On : Thu Jul 08th,2010

 
Source of information is Internal Revenue Service. Summer time Child Care Expenses May Qualify for a Tax Credit!
 

Summer time Child Care Expenses May Qualify for a Tax Credit

 

Did you know that your summer day care expenses may qualify for an income tax credit?

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. Those expenses may help you get a credit on next year’s tax return.

 

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 are available for expenses incurred during the lazy hazy days of summer and throughout the rest of the year.

 

   1. The cost of day camp may count as an expense towards the child and dependent care credit.

   2. Expenses for overnight camps do not qualify.

   3. If your childcare provider is a sitter at your home or a daycare facility outside the home, you'll get some tax benefit if you qualify for the credit.

   4. The actual credit can be up to 35 percent of your qualifying expenses, depending upon your income.

   5. You may use up to $3,000 of the un-reimbursed expenses paid in a year for one qualifying individual or $6,000 for two or more qualifying individuals to figure the credit.

 

 

 

InfoTaxSquare helps filing Income Taxes in all fifty states. If you need our services please click order now button or for additional information read more. For live assistance can be called at +1 (866)754 4460 or email at support@infotaxsquare.com. 24/7 online help is available!

 

  


Committed to give our users most updated news!
For instant news please subscribe at www.infotaxsquare.com


Leave Your Comments
Your name :
Email Address : Will not be published
Please enter your email if you want us to send answer to your email. We have a strict policy of not to share your email address with any other party.
Your message :
Insert these letters into the textfield below: (required, case-sensitive): gGJPA
Do you want to Subscribe for
InfoTaxSquare Business News Bulletin?
Yes
No
Comments (0)
Load More
No Comments found, Be the first to write comment
 


InfoTaxSquare.com - 10 Successful Years
Copyright © 2010, Infotax Square All Rights Reserved.
InfoTaxSquare.com - Allows Payment Processing With Visa, MasterCard, American Express and Discover
Terms and conditions, features, support, pricing and service options subject to change without notice.