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rewmsx
New Member

Is it possible to deduct child care expenses required while running a self employed business?

 
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MinhT
Expert Alumni

Is it possible to deduct child care expenses required while running a self employed business?

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.

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MinhT
Expert Alumni

Is it possible to deduct child care expenses required while running a self employed business?

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"

View solution in original post

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