|
Arts & crafts, swimming...and a substantial
tax break? Yes. If a day camp cares for your
child so you can work or look for work, you
may qualify for a child-care credit on your
federal income tax, says Cindy Hockenberry
of the National Association of Tax Professionals.
(Unfortunately, overnight camps don't qualify,
because they also care for kids after hours.)
The credit allows you to claim 20% or more
of a camp's cost - up to $6,000 - when calculating
your tax bill. Read IRS Publication 503 (download
it at IRS.gov) for the rules.
|
 |
| Support ACA |
| Support ACA by shopping thru Amazon and
IGIve |
|
