Tag: is ymca summer camp tax deductible

Your Child's Summer Vacation Can Be a Tax Break
Business Finance

Your Child’s Summer Vacation Can Be a Tax Break

- by Abigail Martinez

As a working parent, you may be looking for things to do with your children during the summer. Summer camp may be the solution: It’s also a tax break!

If you are enrolling your child in a day camp this summer and you use the Child and Dependent Care Credit, you can be reimbursed.

Is it Possible for Me to Participate?

  1. You must both be working if you are married, or your spouse if you are not.
  2. To qualify for this credit, your youngster must be under the age of 13, be your legal dependent, and spend more than half of the year in your house.

Tip: If your spouse is a full-time student, he or she may qualify. Or if your spouse is disabled or does not work and is not able to care for herself or himself, they may still qualify.

How much money will I save?

For …

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