Do summer day camp expenses qualify for tax credits?

CREATED Jul. 6, 2011

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Web Producer: Ina Ronquillo

PHOENIX (KGUN9-TV) - With children out of school, summer expenses often stack up considering the additional cost of child care.  Fortunately, the IRS recently reported that this seasonal expense may qualify for a tax credit.

According to an IRS News Release, parents that have jobs or are actively searching for work must account for their children when school in not in session. For many, summer day camps are the key in assuring that their children (13 years or younger) will be in good hands for the duration of a full work day.

The IRS would like to inform you of the Child and Dependent Care Credit that is available for expenses incurred throughout summer and the remainder of the year. The following facts will allow you to determine whether or not you qualify for the tax credit:

1.  The cost of day camp may count as an expense towards the child and dependent care credit.

2.  Expenses for overnight camps do not qualify.

3.  Whether your childcare provider is a sitter at your home or a daycare facility outside the home, you'll get some tax benefit if you qualify for the credit.

4.  The credit can be up to 35 percent of your qualifying expenses, depending on your income.

5.   You may use up to $3,000 of the reimbursed expenses paid in a year for one qualifying individual or $6,000 for two or more qualifying individuals to figure the credit.