LIFamilies.com - Long Island, NY


RSS
Articles Business Directory Blog Real Estate Community Forum Shop My Family Contests

Log In Chat Index Search Rules Lingo Create Account

Quick navigation:   

childcare tax credits...

Posted By Message

PrincessP
Big sister!!!!!!!!!!

Member since 12/05

17450 total posts

Name:

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...

Posted 8/20/07 11:18 AM
 
Long Island Weddings
Long Island's Largest Bridal Resource

nrthshgrl
It goes fast. Pay attention.

Member since 7/05

57538 total posts

Name:

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

Posted 8/20/07 11:35 AM
 

EmmaNick
*

Member since 12/06

16001 total posts

Name:
*

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.

Posted 8/20/07 12:30 PM
 

05mommy09
Family of 5!

Member since 5/05

15364 total posts

Name:
<3 Mommy <3

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?

Posted 8/20/07 5:36 PM
 
 

Potentially Related Topics:

Topic Posted By Started Replies Forum
Tax Question Regarding Childcare... Ali1 3/30/06 5 Families Helping Families ™
tax question how much are you getting back-if you dont mind me asking raken40 3/21/06 46 Families Helping Families ™
Tax people... I have a question dandj 3/15/06 9 Families Helping Families ™
1099 Tax question agrech 3/13/06 10 Families Helping Families ™
Tax is due 1st of April, right? PiyoPika566 3/13/06 3 Home
Suffolk County Tax Rate? KPtoys 3/5/06 6 Families Helping Families ™
 
Quick navigation:   
Currently 411711 users on the LIFamilies.com Chat
New Businesses
1 More Rep
Carleton Hall of East Islip
J&A Building Services
LaraMae Health Coaching
Sonic Wellness
Julbaby Photography LLC
Ideal Uniforms
Teresa Geraghty Photography
Camelot Dream Homes
Long Island Wedding Boutique
MB Febus- Rodan & Fields
Camp Harbor
Market America-Shop.com
ACM Basement Waterproofing
Travel Tom

      Follow LIWeddings on Facebook

      Follow LIFamilies on Twitter
Long Island Bridal Shows