| 2007
SUMMER CAMP TAX CREDIT
We would like to inform you about a very valuable
tax break!!!!!!!!
“If Young People’s Day Camp of Ocean County cares for
your child so that 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. (Unfortunately,
overnight camps do not qualify because they also care for children
after hours.) the credit allows you to claim 20% or more of the camp’s
tuition up to $6,000.00 – 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/
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