My hubby and I are filing jointly. I work as a self-employed, he is an employee. Can we deduct part of the cost of our children who go to preschool? If yes, how?

gcommeau · ‎June 4, 2019

DanielV01 · ‎June 4, 2019

It depends, but probably. The key is whether or not you have income. If your self-employment is a loss, the Child and Dependent Care credit will not calculate. This FAQ provides information on the credit itself: https://ttlc.intuit.com/replies/3301418

Also, please note this FAQ on how you can enter this information into TurboTax: https://ttlc.intuit.com/replies/4395614

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View solution in original post

DanielV01 · ‎June 4, 2019

It depends, but probably. The key is whether or not you have income. If your self-employment is a loss, the Child and Dependent Care credit will not calculate. This FAQ provides information on the credit itself: https://ttlc.intuit.com/replies/3301418

Also, please note this FAQ on how you can enter this information into TurboTax: https://ttlc.intuit.com/replies/4395614

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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My hubby and I are filing jointly. I work as a self-employed, he is an employee. Can we deduct part of the cost of our children who go to preschool? If yes, how?