Monday, July 6, 2009
SUMMER CAMP FOR YOUR KIDS -- WHAT CAN YOU WRITE-OFF?
If you have children under the age of 13 who need daycare
during summer vacation while you work, the cost can count
towards Child and Dependent Care Credit, BUT ONLY IF
it is DAY-camp, not overnight camp.
This Credit can range from 20% to 35% of the actual cost
up to $3,000 for one minor, or up to $6,000 for two or more
dependents under 13.
The 20% rate applies if your income is over $43,000, and the
higher 35% rate is for those making under $15,000 in 2009.

