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New Member
posted Jun 1, 2019 9:42:09 AM

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

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1 Best answer
Expert Alumni
Jun 1, 2019 9:42:11 AM

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.

1 Replies
Expert Alumni
Jun 1, 2019 9:42:11 AM

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.