Qualifying expenses
Daycare, after-school programs, day camps, and in-home care. Up to $3,000 per child (or $6,000 for two or more). Both spouses must have earned income.
FSA coordination
Dependent Care FSA ($5,000 max pre-tax) and the credit can stack. FSA reduces the expense base eligible for the credit. We model which combination saves more.
Have a specific situation?
Call the office and a human answers.
Common questions
- Does summer camp count?
- Day camp yes. Overnight camp no. Cost of camp for children under 13 while parents work qualifies.
Related
Personal Income Tax Preparation
Federal and state 1040 preparation with year-round planning. We handle W-2, 1099, K-1, rental, and crypto income for individuals in Florida and all 50 states.
Child Tax Credit
Up to $2,000 per qualifying child under 17, with $1,700 refundable through the Additional Child Tax Credit. Phase-outs begin at $200K single / $400K MFJ.