Many parents pay for childcare or day camps in the summer while they work. If this applies to you, your costs may qualify for a federal tax credit that can lower your taxes. Here are 10 facts that you should know about the Child and Dependent Care Credit:
1. Your expenses ...
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Many people pay for the care of their child or other dependent while they’re at work. The Child and Dependent Care Credit can reduce that cost.
Here are 10 facts from the IRS about this important tax credit:
1. You may qualify for the credit if you paid someone to care for your child, dependent or spouse last year.
2. The care you paid for must have been necessary so you could work or look for ...
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