If your child is under 13 years old, their summer day care expenses may qualify.

These are the rules:

·         Cost of day camp may count as an expense towards the child and dependent care credit.

·         Expenses for overnight camps do not qualify.

·         The actual credit can be up to 35 percent of your qualifying expenses, depending on your income.

·         You may use up to $3,000 of the unreimbursed expenses paid in a year for one qualifying individual or $6,000 for two.

This entry was posted on Thursday, July 8th, 2010 at 5:33 pm and is filed under 2010 Tax Changes, Child care, Kiddie Tax, day care expenses, dependent care credit. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.