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Can you deduct more than 5000 of child care off your taxes?
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).
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.
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.
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
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
Would you be willing to raise your taxes to pay for the care of your parents or a chronically ill child?
absolutely
What is the term for gender discrimination against women who miss the work experience while they care for children at home?
The child penalty
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.
Child Care Tax Write Offs?
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)
When can a child with Asperger's Syndrome be alone overnight?
That would depend on the child's ability to care for himself or herself, it's just the same as leaving any other child alone for the night, if he or she in intelligent enough to care for him or herself then it's fine. I wouldn't recommend leaving a child at a young age alone for the night though no matter whether they did or didn't have the condition.
What if the child of 12 is being left alone with brothers and sisters under the age of 7?
The situation should be reported to the child protective services. The parent may need help and they need to be informed about child endangerment. Leaving small children under the care and supervision of a child is considered child endangerment in most jurisdictions and can result in the parent being declared unfit.The situation should be reported to the child protective services. The parent may need help and they need to be informed about child endangerment. Leaving small children under the care and supervision of a child is considered child endangerment in most jurisdictions and can result in the parent being declared unfit.The situation should be reported to the child protective services. The parent may need help and they need to be informed about child endangerment. Leaving small children under the care and supervision of a child is considered child endangerment in most jurisdictions and can result in the parent being declared unfit.The situation should be reported to the child protective services. The parent may need help and they need to be informed about child endangerment. Leaving small children under the care and supervision of a child is considered child endangerment in most jurisdictions and can result in the parent being declared unfit.
