Summer Day Camp Expenses

For some parents, the summer months mean additional child care expenses for their children under 13 years old who would normally be in school. If this sounds familiar, you should be aware of the Child and Dependent Care Credit, which is really available year round. This Credit may be applicable to Summer Day Camp too. Here are some IRS tips for you to consider:

1. The cost of day camp may count as an expense towards the child and dependent care credit.

2. Expenses for overnight camps do not qualify.

3. Whether your childcare provider is a sitter at your home or a daycare facility outside the home, you’ll get some tax benefit if you qualify for the credit.

4. The credit can be up to 35 percent of your qualifying expenses, depending on your income.

5. You may use up to $3,000 of the unreimbursed expenses paid in a year for one qualifying individual or $6,000 for two or more qualifying individuals to figure the credit.

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