KrisD15
Expert Alumni

Deductions & credits

Yes, if you are reporting the income as earned income which would require you to file Schedule C and pay Self-Employment tax unless you are an employee and get a W2, you would be eligible to use that income towards the Earned Income Credit. 

 

As a note, if your daughter claims you as a dependent on her tax return, she cannot use the funds she pays you as childcare expense for a credit on her return. 

 

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