Offset Summer Day Camp Expenses with This Tax Credit
The IRS reminds taxpayers that summer day camp expenses may qualify for the Child and Dependent Care Tax Credit, offering financial relief to working parents. This credit can cover up to 35% of eligible expenses for children under 13, with a maximum of $3,000 for one child and $6,000 for two or more.
To qualify, parents must have earned income and ensure that the camp provides care so they can work or seek employment. This credit can be a valuable resource in managing the high costs of summer childcare.
For full details, visit the IRS website.
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