Send Your Kids To Summer Camp and Write It Off

If you paid someone to care for a child so you could work, you may be able claim a tax credit for child and dependent care expenses on your federal income tax return. This credit is available to people who, in order to work or to look for work, have to pay for child care services for dependents under age 13.

The credit is a percentage, based on your adjusted gross income, of the amount of work-related child and dependent care expenses you paid to a care provider. The credit can range from 20 to 35 percent of your qualifying expenses, depending upon your income.

For 2004, you may use up to $3,000 of the expenses paid in a year for one child or $6,000 for two or more children. These dollar limits must be reduced by the amount of any dependent care benefits provided by your employer that you exclude from your income.

To claim the credit for child and dependent care expenses, you must meet the following conditions:

1. You must have earned income from wages, salaries, tips or other taxable employee compensation, or net earnings from self-employment. If you are married, both you and your spouse must have earned income, unless one spouse was either a full-time student or was physically or mentally incapable of self-care.

2. The payments for care cannot be paid to someone you can claim as a dependent or to your child who is under age 19.

3. Your filing status must be single, head of household, qualifying widow(er) with a dependent child, or married filing jointly.

4. The care must have been provided for one or more qualifying persons identified on the form you use to claim the credit.

5. Your children must reside with you.

What is a "qualifying" child? The child must have been under age 13 when care was provided and you must be able to claim the child as an exemption on your tax return. A spouse who is mentally or physically unable to care for himself or herself also qualifies.

You should read IRS publication 503 or speak with a tax professional to learn more. Still, it is nice to know you can write off those swimming lessons.

Richard Chapo is CEO of Business Tax Recovery - Obtaining tax refunds for small businesses for overpaid taxes. Discovery tax strategies and deductions in our tax articles section.

MORE RESOURCES:

2009 CHICAGO BUDGET | Mayor wants to hike event, parking taxes to ... - Chicago Sun-Times

As the Economy Sinks, So Do Odds of a Tax Cut - U.S. News World Report

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/1i-0fd=Rurl=http://www.metronews.ca/edmonton/World/article/122958cid=1256027098ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNHyDGauF5a3TbsquOlgV-9d-PVRXQimg src=http://news.google.com/news?imgefp=sz_IVIVDWZMJimgurl=media.metronews.ca/images/45/7d/dc95255445cc84f8282037e90063.jpeg width=80 height=60 alt= border=1brfont size=-2Metro Canda - Edmonton/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/1-0fd=Rurl=http://www.usnews.com/blogs/flowchart/2008/10/9/as-the-economy-sinks-so-do-odds-of-a-tax-cut.htmlcid=1256027098ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNEFe_xIA2pGRNbhVMcSjnUfy2QdhwAs the Economy Sinks, So Do Odds of a bTax/b Cut/abrfont size=-1font color=#6f6f6fU.S. News World Report,nbsp;DCnbsp;-/font nobrOct 9, 2008/nobr/fontbrfont size=-1One of the riskiest financial moves you make this year could be listening to the presidential candidates—and banking on a btax/b cut after the November b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/1-1fd=Rurl=http://www.youtube.com/watch%3Fv%3D3ShDaWICNZ4cid=1256027098ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNESDMR75gwulo0CBzJWv2fGd8ZtnAVideo: VP Debate - Tax Policies: Why are your tax policies not .../a font size=-1 color=#6f6f6fnobrCSPAN/nobr/fontobject width=448 height=356param name=movie value=http://www.youtube.com/v/3ShDaWICNZ4/paramparam name=wmode value=transparent/paramembed src=http://www.youtube.com/v/3ShDaWICNZ4type=application/x-shockwave-flashwmode=transparentwidth=448height=356/embed/objectbr/fontfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/1-2fd=Rurl=http://www.blackvoices.com/blogs/2008/10/10/lower-taxes-fix-the-economy/cid=1256027098ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNFZHFUcl7qya8_6wooNsSicJqPxMQCan Lower bTaxes/b Fix The Economy?/a font size=-1 color=#6f6f6fnobrBlackvoices/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/1-3fd=Rurl=http://www.chron.com/disp/story.mpl/nation/6048058.htmlcid=1256027098ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNGZrPg277-SawfLxWun6z-VH6fTkQBoth candidates mum on effect of crisis on spending, btaxes/b/a font size=-1 color=#6f6f6fnobrHouston Chronicle/nobr/font/fontbrfont size=-1 class=pa href=http://news.google.com/news/url?sa=Tct=us/1-4fd=Rurl=http://cbs4denver.com/seenon/obama.mccain.taxes.2.836041.htmlcid=1256027098ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNGrRcUHDfw4srs88WdqM3pJ3239TQnobrcbs4denver.com/nobr/anbsp;- a href=http://news.google.com/news/url?sa=Tct=us/1-5fd=Rurl=http://politicalticker.blogs.cnn.com/2008/10/09/fact-check-obama-tax-plan-and-small-businesses/cid=1256027098ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNHwqjsThgdfylTZKOrPjjblF9IqpgnobrCNN Political Ticker/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1256027098hl=ennobrall 571 news articles/nobr/a/font/div/font/td/tr/table

Mayor: Homeowners#39; taxes to drop - Indianapolis Star

Meeting on Crisis, Executives Say High Taxes Hinder City’s Economy - New York Times

Economic decisions involve more than reducing taxes - Lexington Dispatch

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/4i-0fd=Rurl=http://www.topnews.in/new-zealand-predicts-deficits-economy-worsens-273482cid=1254644376ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNE80dtPOzChtYpk4-sGvDZcjyjihgimg src=http://news.google.com/news?imgefp=zr_vlI4ERbsJimgurl=www.topnews.in/files/New-Zealand-FLag.JPG width=80 height=65 alt= border=1brfont size=-2TopNews/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/4-0fd=Rurl=http://www.the-dispatch.com/article/20081010/COLUMNISTS/810100295/1053/sportscid=1254644376ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNEJuGAGcK48sQGUosYQGAVhTBKbZgEconomic decisions involve more than reducing btaxes/b/abrfont size=-1font color=#6f6f6fLexington Dispatch,nbsp;NCnbsp;-/font nobr6 hours ago/nobr/fontbrfont size=-1Over the past few months, I have been following the policy debate between Republicans and Democrats over the idea of cutting btaxes/b. b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/4-1fd=Rurl=http://www.nzherald.co.nz/politics/news/article.cfm%3Fc_id%3D280%26objectid%3D10536917cid=1254644376ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNHOBPH76fqEglhmdvkEBKMsztViSgPublic at odds with parties over deficit/a font size=-1 color=#6f6f6fnobrNew Zealand Herald/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/4-2fd=Rurl=http://tvnz.co.nz/view/page/536641/2184525cid=1254644376ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNG_ZlMJP0RSzL3x07FlbbUhjB-oZgBrash has recipe for recovery/a font size=-1 color=#6f6f6fnobrTVNZ/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1254644376hl=ennobrall 211 news articles/nobr/a/font/div/font/td/tr/table

Some real differences on carbon taxes . . . - Vancouver Sun

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/5-0fd=Rurl=http://www.canada.com/vancouversun/news/business/story.html%3Fid%3Df867a11a-be0d-411e-833f-355d7644afa0cid=1256409194ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNHw2m1ldTAa3MaxjT12fOdLUw-C-wSome real differences on carbon btaxes/b . . ./abrfont size=-1font color=#6f6f6fVancouver Sun,nbsp; Canadanbsp;-/font nobr2 hours ago/nobr/fontbrfont size=-1The carbon btax/b issue -- or, more broadly, carbon pricing -- should be a key focus of debate in the federal campaign. It#39;s the one btax/b policy area where b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/5-1fd=Rurl=http://www.thestar.com/FederalElection/article/513650cid=1256409194ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNE4vKQLWt0B2R34FzNYDvyEoLa5NwRating the parties#39; plans to put a price on carbon/a font size=-1 color=#6f6f6fnobrToronto Star/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1256409194hl=ennobrall 4 news articles/nobr/a/font/div/font/td/tr/table

Tax experts suggest ways to close $300 billion gap - The Associated Press

The Problem With Tax-Exempt Health Insurance - New York Times

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/7i-0fd=Rurl=http://www.boston.com/news/politics/2008/articles/2008/10/09/report_both_candidates_increase_health_coveragecid=1252219486ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNE5OzY6Q88w44Dlpnk6oRGF-99ogAimg src=http://news.google.com/news?imgefp=ABO7kvmnubcJimgurl=cache.boston.com/resize/bonzai-fba/AP_Photo/2008/10/09/1223526034_7510/539w.jpg width=80 height=79 alt= border=1brfont size=-2Boston Globe/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/7-0fd=Rurl=http://campaignstops.blogs.nytimes.com/2008/10/10/the-problem-with-tax-exempt-health-insurance/%3Fref%3Dopinioncid=1252219486ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNECAAg_EY4sEf8pes_c0T2jBUpn0AThe Problem With bTax/b-Exempt Health Insurance/abrfont size=-1font color=#6f6f6fNew York Times,nbsp;United Statesnbsp;-/font nobr12 hours ago/nobr/fontbrfont size=-1By Ezekiel Emanuel In this installment of Health Care Watch, Stuart M. Butler and Ezekiel Emanuel talk about what the candidates are saying about btaxes/b and b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/7-1fd=Rurl=http://www.youtube.com/watch%3Fv%3DerspfMkqLN4cid=1252219486ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNFa8mtOKHGKxUQCidxaevV60SYcsQVideo: McCain, Obama Differ Dramatically on Health Care/a font size=-1 color=#6f6f6fnobrAssociatedPress/nobr/fontobject width=448 height=356param name=movie value=http://www.youtube.com/v/erspfMkqLN4/paramparam name=wmode value=transparent/paramembed src=http://www.youtube.com/v/erspfMkqLN4type=application/x-shockwave-flashwmode=transparentwidth=448height=356/embed/objectbr/fontfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/7-2fd=Rurl=http://blogs.tnr.com/tnr/blogs/the_plank/archive/2008/10/06/mccain-i-m-not-raising-taxes-i-m-cutting-medicare.aspxcid=1252219486ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNEOFyg43mS-6pzoHemZ9LIdCMCcbQMcCain: I#39;m Not Raising bTaxes/b. I#39;m Cutting Medicare!/a font size=-1 color=#6f6f6fnobrThe Plank on TNR.com/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/7-3fd=Rurl=http://www.hattiesburgamerican.com/article/20081010/OPINION01/810100369cid=1252219486ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNHmY4xo4aU69moNJhguDzVodzpwPQWatch McCain speak for himself/a font size=-1 color=#6f6f6fnobrHattiesburg American/nobr/font/fontbrfont size=-1 class=pa href=http://news.google.com/news/url?sa=Tct=us/7-4fd=Rurl=http://www.kaisernetwork.org/daily_reports/rep_index.cfm%3FDR_ID%3D54846cid=1252219486ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNEVvuwNJR3CAs7J7AgxUAz5MYs7oQnobrKaiser network.org/nobr/anbsp;- a href=http://news.google.com/news/url?sa=Tct=us/7-5fd=Rurl=http://www.galen.org/component,8/action,show_content/id,68/category_id,0/blog_id,1095/type,33/cid=1252219486ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNFslZvPk3SVg1l72MavpEiVYBUTywnobrGalen Institute/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1252219486hl=ennobrall 1,350 news articles/nobr/a/font/div/font/td/tr/table

Oakland split over raising taxes for more cops - San Francisco Chronicle

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/8-0fd=Rurl=http://www.sfgate.com/cgi-bin/article.cgi%3Ff%3D/c/a/2008/10/09/BA5B13DUSA.DTLcid=1256067753ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNHpuioSQyTxXdgI6EurdbYzi-5O3gOakland split over raising btaxes/b for more cops/abrfont size=-1font color=#6f6f6fSan Francisco Chronicle,nbsp; USAnbsp;-/font nobrOct 9, 2008/nobr/fontbrfont size=-14 ballot that would boost the size of the police force by raising property btaxes/b, with supporters saying more money is direly needed to fight crime while b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/8-1fd=Rurl=http://www.sfgate.com/cgi-bin/article.cgi%3Ff%3D/c/a/2008/10/10/BA5113F4LB.DTLcid=1256067753ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNHa6yB5Pa18YnnMQC7CZj2aPDV_QQOakland weighs cutting police overtime/a font size=-1 color=#6f6f6fnobrSan Francisco Chronicle/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1256067753hl=ennobrall 8 news articles/nobr/a/font/div/font/td/tr/table

Don’t raise taxes - Buffalo News

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/9i-0fd=Rurl=http://www.abcnews.go.com/TheLaw/Economy/wireStory%3Fid%3D5991550cid=1255823033ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNEoJMTbCkuS30OCK3aJBC6rmzqXQAimg src=http://news.google.com/news?imgefp=YoJpSGJsACMJimgurl=a.abcnews.com/images/Politics/tax_fraud_081009_mn.jpg width=80 height=60 alt= border=1brfont size=-2ABC News/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/9-0fd=Rurl=http://www.buffalonews.com/149/story/459635.htmlcid=1255823033ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNHKbYDXKKis0syS-KyHdSvgmEu7TADon’t raise btaxes/b/abrfont size=-1font color=#6f6f6fBuffalo News,nbsp; United Statesnbsp;-/font nobr22 hours ago/nobr/fontbrfont size=-1If the hint from the administration of Erie County Executive Chris Collins that a property btax/b hike may be in the offing for 2009 is just a trail balloon, b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/9-1fd=Rurl=http://ap.google.com/article/ALeqM5hIK6KCg908gehZTEDOQCbHnauzOwD93MSISO0cid=1255823033ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNHVpyMAIcix1z1aQK4Gpip_AEqmoAStates to zero-in on btax/b cheats as economy sags/a font size=-1 color=#6f6f6fnobrThe Associated Press/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/9-2fd=Rurl=http://money.cnn.com/2008/10/09/news/economy/states_feel_the_pain/%3Fpostversion%3D2008100906cid=1255823033ei=coHwSOGUDJnK8AS55vS4Bwusg=AFQjCNGQzTLJ_8oRqVOCkmVOctitq7sKJgFor states, it#39;s #39;worst-case scenario#39;/a font size=-1 color=#6f6f6fnobrCNNMoney.com/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1255823033hl=ennobrall 229 news articles/nobr/a/font/div/font/td/tr/table

Taxes - Google News

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