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Can we deduct any of the expenses we had last summer when we sent our kids out of the country to stay with family so we could work?
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posted
June 3, 2019
11:37 AM
last updated
June 03, 2019
11:37 AM
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Can we deduct any of the expenses we had last summer when we sent our kids out of the country to stay with family so we could work?
Unfortunately no, unless all of the following conditions are met:
- You (and your spouse, if you are married filing jointly) must have earned income for the tax year.
- You must be the custodial parent or main caretaker of the child or dependent.
- The child or dependent care service must have been used so that you could work or look for employment.
- Your filing status must be single, head of household, qualifying widow or widower with a qualifying child, or married filing jointly.
- Your child or dependent must be under 13 or must be disabled and physically or mentally incapable of caring for herself.
- You must make payments for child and dependent care to someone you (and your spouse) can't claim as a dependent. If you make payments to your child, he or she can't be your dependent and must be age 19 or older by the end of the year. You can't make payments to:
o Your spouse, or
o The parent of your qualifying person if your qualifying person is your child and under age 13.
You can't deduct the cost of transportation, meals or entertainment.
The child care provider must have a US tax identification number as well
For more information, follow this link: IRS on Child and Dependent Care Credit
June 3, 2019
11:38 AM
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