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IRS: How to utilize the child and dependent care credit

Parents all over the country are filing returns with the IRS, and many can qualify for the child and dependent care credit.

tax return form to submit to the irs

This credit is for working parents, but can also be used for parents who go to school full time.

There are various things that may qualify you for the credit.

This could include paying for daycare, babysitters, summer camp, or other child care providers for your child age 13 or under.

Dependents who are disabled and over the age of 13 can count in they need care.

One child is worth $3,000 and two or more $6,000.

IRS: Will married couples save money filing tax returns jointly?

Details surrounding what counts for this tax credit from the IRS

Daycare is the most commonly known expense, but there are others that can count.

A babysitter or licensed provider will count.

The cost of a cook, housekeeper, or cleaner can count.

What happens if I can’t pay my taxes in time?

Any type of camp that provides care for a child will count.

Before and after school programs qualify.

Nurses, home health aides, and caregivers for a disabled dependent count.

School, tutors, and overnight camps do not count in the eyes of the IRS

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