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You figure your child/dependent care credit on up to $3,000 actual expenses for one child/dependent or up to $6,000 actual expenses for two or more children/dependents. Form 2441 is Child and Dependent Care Expenses. The amount of the credit is entered on line 48 (Credit for Child and Dependent Care Expenses) of Form 1040 or on line 29 of Form 1040A.
For more information, go to www.irs.gov/taxtopics for Topic 503 (Child and Dependent Care Expenses). Also go to www.irs.gov/formspubs for Publication 503 (Child and Dependent Care Expenses).
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Can you claim rent on taxes as a student?
No. But your father and mother get taxes for having to take care of you so there is an advantage.
Can you claim daycare when filing taxes?
Yes this is possible that the qualifying child care expense that you pay to allow you to be able to work if you qualify to do this. Go to the IRS gov website and use the search box for Publication 503 (2009), Child and Dependent Care ExpensesTests To Claim the CreditTo be able to claim the credit for child and dependent care expenses, you must file Form 1040 or Form 1040A (or Form 1040NR), not Form 1040EZ (or Form 1040NR-EZ), and meet all the following 7 tests.
Do you get more money for a younger child when claiming taxs?
When you claim a child that is under 17 maybe. You may qualify for the Child Tax Credit or the Additional Child Tax credit. Also if you pay for child care you may qualify for The Child and Dependant Care Credit.
If you have a flexible spending account can you qualify for the child and depende NT care credit?
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.
Who pays your taxes if you are dead?
well if your dead you don't pay taxes, and your family takes care of the last ones, and since your dead there's no more taxes to pay, so the answer is: Nobody except your last few ones, then you have no more taxes, because they know your dead.
You have 50 50 child custody you pay child support and pay for day care costs Can you legally claim child on taxes?
Only if you have the child 51% of the time. In doing the calculation, deduct the time the child is in day care, as the child is not in the care and possession of the parent. see links below
What types of items can one deduct from their taxes?
There are many categories that fall under qualified tax deductions. Child care expenses, mortgage interest, IRA deductions, and alimony are all legal deductions.
Can child care paid through child support be claimed on taxes?
Yes, if you paid for child care, regardless of where the income comes from, you can claim the Child and Dependent Care Credit.
Can I write-off money spent on a daycare program on my taxes?
There is a Child and Dependent Care Tax Credit. It reduces your taxes by providing a tax credit for money spent on day care and child care services.
Limit on section 125 child care deduction?
$5000 per family
If you paid the father of your children child care can you claim it on your taxes?
No
Do some jobs provide compensation for child care if necessary?
Child care compensation is rarely-but sometimes- covered by a business. You are more likely to receive your child care credits through your taxes through the national child care credit.
What are some taxes paid in the US?
Some taxes hat are paid in the U.S is: taxes for laws, for money, and some paid for child care
Is child care a tax write off?
You are in some cases allowed to deduct child care expenses. You should consult the tax form instructions, which has information on the specific circumstances under which you are allowed to deduct them to determine whether or not you qualify. Generally speaking, if the child care is necessary in order for you to work, then it's probably deductible. If you're just doing it because you can't stand to look at that kid any longer, then not so much.
Can you deduct home health care?
NO
Would you be willing to raise your taxes to pay for the care of your parents or a chronically ill child?
absolutely
Can father claim child on taxes if the child has mothers last name and lives with the mother?
Probably not because it's sounding like she takes care of & supports the child, not you.
