- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Is it possible to deduct child care expenses required while running a self employed business?
Topics:
June 1, 2019
9:42 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
You can claim the child care credit if you are self-employed and have a self-employment profit.
If your self-employment results in a loss on Schedule C, you are considered as not having earned income and cannot claim the child care credit.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
June 1, 2019
9:42 AM