Tag Archive: daycare

Summer day care expenses can add up to a tax credit

Written by June 29, 2016

Did you know that you can claim a federal income tax credit when you pay someone to care for your kids while you’re at work or school? The Child and Dependent Care Credit is valuable because it reduces the amount of tax you owe dollar-for-dollar. Here’s an overview of the rules. Child care expenses must be work-related. This requirement means...