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PrincessP
Big sister!!!!!!!!!!
Member since 12/05 17450 total posts
Name:
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childcare tax credits...
dont know much about this but is it true that if you have your child in a public childcare setting you get a 6000 dollar tax credit while if you have a one on one off the books you cant claim it? I heard all of this but I am not certain I am understanding everything...
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Posted 8/20/07 11:18 AM  |
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nrthshgrl
It goes fast. Pay attention.
Member since 7/05 57538 total posts
Name:
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Re: childcare tax credits...
It can be a private setting but it cannot be "off the books". You need a tax id or ss# for the person that you are paying to provide the care.
They, in turn, will need to claim the $ as income.
More info
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| Posted 8/20/07 11:35 AM |
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EmmaNick
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Member since 12/06 16001 total posts
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Re: childcare tax credits...
It's actually up to 3k for 1 child, up to 6k for two. And just so you know, you don't actually get a credit for 3k, they do some funky calculation and you get a portion of that as a credit.
I realized that if I have a babysitter come to my house, chances are they won't report it as income and then I can't get the credit so that's another reason I decided to stick with a center.
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| Posted 8/20/07 12:30 PM |
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05mommy09
Family of 5!
Member since 5/05 15364 total posts
Name:
<3 Mommy <3
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Re: childcare tax credits...
All the more reason to come join me!!!!
BTW- what are you doing tomorrow? I think a playdate is way overdue-
Gina- you in?
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| Posted 8/20/07 5:36 PM |
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