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Deductions & credits
Expenses prepaid in an earlier year.
If you pay for services before they are provided, you can count the prepaid expenses only in the year the care is received. Claim the expenses for the later year as if they were actually paid in that later year.
Consider the costs as child care for the child care credit but only if the care is required so that you and your spouse (if applicable) can work. They are not tuition expenses.
‎February 15, 2020
12:57 PM
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