Drake Software blog for tax pros, covering tax, IRS news, and more

Summer Camp Tax Credit

Today, the IRS reminded taxpayers that money spent on summer day camps can be eligible for a tax credit if the attending child or dependent qualifies under the rules outlined in Publication 503. This special edition tax tip includes a checklist for those who might be interested in filing.

Simply file a Form 2441 to claim the credit, but keep in mind that these same rules apply to child care in general. As always, the IRS encourages you to check the guidelines concerning what types of care qualify.

To read the full article, click here.

Source: Internal Revenue Service

 

 

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