Hello, I have the following situation - my daughter is attending a new afterschool and they are charging for the summer camp in december. My question is - I have paid the summer camp 2021 this december, should I deduct it with this years taxes or next? I have the invoice etc. Thanks!
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Next year. Since you paid expenses in an earlier year (2020), before the services were provided (2021), you count the prepaid expenses in the year the care is received. Claim the expenses as if they were actually paid in 2021.
Thank you very much!
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