Month: February 2020

Are Child Care Expenses Tax-Deductible?

Are Child Care Expenses Tax-Deductible

If your annual income is $15,000 or higher, you can take advantage of the childcare expenses tax credit.  This tax break allows you to deduct up to $3,000 in childcare expenses.  This can include daycare, babysitter fees and even summer camp.  For two or more dependents this deduction totals $6,000.

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405 Daniel Webster Hwy
Merrimack, NH 03054
(603) 429-2009

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