Tax Musings of a Burbank CPA: Get Credit for Child and Dependent Care This Summer

If you are sending your kids to either daycare of summer camp, you may qualify for the tax credit for child and dependent care.  The IRS had brought out a tip talking about qualifications for this credit – see the link below for the tip sheet from them:

http://content.govdelivery.com/accounts/USIRS/bulletins/bd35e8?reqfrom=share

Just remember that you had to file married joint or head of household to qualify for the credit (you may also qualify if you and your spouse lived apart .)  Remember the max costs is $3,000 for one child or $6,000 for two or more and you have to get the provider’s federal idenitification or social security number as well as address and (sometimes) their telephone number.

  Dollar Driving CarA-red-button-with-the-words-tax-refund-on-it  For financial,  accounting and tax musings,

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