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Is there a standard tax deduction/return for daycare?
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Rycois
Blessed with 2blue/2pink
Member since 12/05 13341 total posts
Name:
J
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Is there a standard tax deduction/return for daycare?
Does anyone know how this works? We'll be paying close to $30K/yr in daycare costs once we have  so I'm trying to figure out what that means as far as our tax refund. Is it a percentage? Is it capped? I'm clueless when it comes to this stuff! TIA
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Posted 8/6/09 2:55 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
MrsS2005
Mom of 3
Member since 11/05 13118 total posts
Name:
B
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Re: Is there a standard tax deduction/return for daycare?
It's a tax credit of up to $6000. I'm not sure if this will help, but here's some info from the IRS.
Tax Credit
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| Posted 8/6/09 3:11 PM |
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