About Child Day Care Tax Deduction
While it might be nice to survive on a single income, it isn't always possible--especially if you have children. But paying someone else to take care of your children while you're at work is expensive. Luckily, you can often deduct your child care expenses on your taxes.
Other People Are Reading
-
Age
-
Your child care expenses must be for a child under the age of 13.
Reason
-
You can claim your child care expenses only if the child care was necessary so that you could work or look for work.
-
Amount
-
As of 2008, the child care credit was up to 35 percent of your expenses, dependent upon your income. In general, though, you could claim $3,000 for one child or $6,000 for two or more children.
Filing Status
-
When you file your taxes, you must be single, head of household, qualifying widow(er) or married filing jointly with a depend child to qualify for the deduction.
Residency
-
The child or children you claim must have lived with you for at least half the year.
Employer Benefits
-
If your employer helps pay your child care expenses, you must deduct that amount before you figure out your expenses.
-
