The
following was an excerpt from the:
July 2005 issue of Readers Digest.
Arts
& crafts, swimming …and a substantial tax
break?
Yes.
- If a day camp cares for your child so you can work
or look for work, you may qualify for a child-care credit
on your federal income tax, says Cindy Hockenberry of
the National Association of Tax Professionals.
The credit allows you to claim 20% or more of
a camp’s cost- up to $6,000-when calculating your
tax bill.
Read IRS Publication 503 (download it at IRS.GOV) for
the rules.
http://www.irs.gov/publications/p503/
http://www.irs.gov/
Unfortunately,
overnight camps don’t qualify, because they also
care for kids after hours.
