Thursday, December 14, 2017

Thinking of Sending Your Child to Summer Camp?


Claim a Tax Credit for Sending Your Children to 
Summer Camp

You may be able to claim the child and dependent care credit if you pay expenses for the care of your under-age-13 child or another qualifying person to enable you (and your spouse, if filing a joint return) to work or look for work.

The tax credit is a percentage of the expenses you paid during the year for the care of a qualifying person, such as your child under age 13. The cost of camps and before- and after-school programs qualifies for the credit if the camps are primarily for the protection and well-being of your child. On the other hand, the cost of overnight camps, summer schools, and tutoring programs does not qualify.

Although the credit is not large, it’s free money. You would, and likely did, spend this money without regard to the credit. This means you have likely done all you need to do to claim the credit when it comes time for us to prepare your tax return.

Have questions? Give us a call at (610) 863-8347 today for a free consultation!

Stay tuned for more tax tips from Corvino and Verwys.

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