$5000 per family
any!!
Child care can often be written of off taxes, depending on the age of the child or children. If the family meets certain criteria, it may be elligible for tax credits up to $1,000. For more information on child care taxing, try this site (http://ezinearticles.com/?Child-Care-Tax-Deduction-101&id=351749)
The child care tax credit limit is $3,000 for one child, and $6,000 for two or more children. The Flex limit is $5,000. If you are paying for one child the answer is no. If you are paying for two or more children, you can utilize the extra $1,000 and apply it to your Child Care Tax Credit.
No, he didn't care about the age of a child.
Child care can often be written of off taxes, depending on the age of the child or children. If the family meets certain criteria, it may be elligible for tax credits up to $1,000. For more information on child care taxing, try this site (http://ezinearticles.com/?Child-Care-Tax-Deduction-101&id=351749)
Yes. They are not "awarding" the care of the child. They are "arranging" for the care of the child while they are away.Yes. They are not "awarding" the care of the child. They are "arranging" for the care of the child while they are away.Yes. They are not "awarding" the care of the child. They are "arranging" for the care of the child while they are away.Yes. They are not "awarding" the care of the child. They are "arranging" for the care of the child while they are away.
Child Care Workers are people who are experienced, and trained for child care. They usually study child care topics and work in a licensed child care.
If the child lives with the mother more than 50% of the time, you cannot take the deduction. IRS does not recognize court orders on deductions. IRS Deduction Regardless of any custody agreement, or court order the IRS has it's own definition of who the custodial parent is. Section 152(e)(4) defines custodial parent as the parent having custody for the greater portion of the calendar year and noncustodial parent as the parent who is not the custodial parent. If you feel that the mother may challenge this, or attempt to claim the child as well you can also double cover your back by having the Mom fill out form 8332, which basically says "I am the custodial parent of this child, and I am giving up my rights to claim the child this year. The IRS rule is that if you have the child for more than half of the year, and they literally mean 183 days, you are the custodial parent. Time spent in Day Care and/or School is deducted from the total. see links below
A child care specialist is a person who works in a child care center. They are also called child care or day care workers.
No you can use one or the other, but not both, unless you are paying qualified child care expenses for two or more children. The FSA limit is $5,000 regardless of the number of children. The Child Care Tax Credit limit is $3,000 for one child, and $6,000 for two or more children. If you are paying for more than two children, you can use your FSA for the first $5,000 of expenses, and have $1,000 left over for the tax credit. Consult your tax advisor for more details.
There's no clear age limit, so the interpretation is up to the court. see links
Not applicable. It goes by the total amount of time the child spends with each parent. If the custodial parent does not have the child at least 51% of the time, they cannot claim the child. This is why the non-custodial parent needs to keep close track of the time in cases where the other parent has custody merely to get child support and the tax deduction, but has no real desire to care for the child. see link