2018 – 05/22 – Sending your kids to day camp may provide a tax break

2018 – 05/22 – Sending your kids to day camp may provide a tax break

When school lets out, kids participate in a wide variety of summer activities. If one of the activities your child is involved with is day camp, you might be eligible for a tax break! Day (not overnight) camp is a qualified expense under the child and dependent care credit, which generally is worth 20% of qualifying expenses, up to $3,000 for one qualifying child and $6,000 for two or more. Eligible costs for care must be work-related, and additional rules apply. Contact us for help determining your eligibility for this credit and other tax breaks for parents.

05_22_18_484674990_itb_560x292.jpg

Tag:

Tag:

Let’s Discuss Your Financial Success

Our firm has been helping both individuals and businesses create bright futures for their finances since 1977.