Childcare Expenses: Preschooler
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FSA Account for Daycare Expenses
Asked by M.C. from Houston
on September 29, 2009
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I'm interested in beginning a FSA account to cover childcare expenses but am not entirely sure how it works. If anyone out there uses one and can provide an overview ...
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- The benefits of a FSA account is to reduce your taxable income. However, you're allowed to claim child care expenses in your tax reporting at the end of the year. I gu...
- I havn't read your other responses so you might already have this. FSA is a great program but it does have a downfall. The way it works is you agree to contribute so...
- Hi M., FSA account is a great program. I used it the entire time my children were in daycare and daycamp. They are 8 and 9 years old now :( How the program works is, y...
Childcare Expenses and Taxes
Asked by N.K. from Chicago
on August 11, 2007
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When I return to work this fall (I'm a teacher) my 6 month old son will be staying in our home with a babysitter. I "assumed" that the money we will be paying the baby...
Answers
- N., My husband is a teacher and I am starting up my own in-house daycare as we speak. I know that the money is tax deductible, yes! You have to keep track of what you...
- I'm a teacher and we are able to do the childcare/flex spending option in our district.
- With having a nanny in your home, it IS typically a lot more costly and complicated (besides his being able to stay at home daily :) ) than taking him to a center or ...
Looking for Part Time Childcare
Asked by T.H. from Philadelphia
on October 5, 2009
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ok- I am currently a SAHM and we have found ourselves in a financial bind where I am going to need to go back to work. I did find a part-time job (about 15 hrs a week...
Answers
- are you anywhere near phoenixville? if so, try charlestown playhouse. my son ABSOLUTELY LOVED it there for 3 three years and it's cheap (you or someone else in your ...
- Visit www.care.com I also sent you a private message. No way would I ever pay that much money for childcare. Never! I do agree with Denise though. Maybe work when yo...
- Check out www.sittercity.com. I am registered on there. L.
Is Childcare Tax-Deductible?
Asked by A.D. from Dallas
on October 10, 2006
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I was talking to my cousin today and she mentioned that in certain instances, childcare expenses are tax-deductible -- and the level will actually differ with the numb...
Answers
- Does anyone know if a facility a actual Day school, has to provide tax reciepts, my DD was at a home care timm a couple on months ago and the lady always gave us a re...
- I am a childcare provider and my parents deduct me every year. hope this helps.
- Every year the deduction I get from childcare is a huge blessing. There is a cap on how much you can deduct. I receive a letter from my daycare every year that shows...
In Home Childcare
Asked by E.G. from Canton
on September 30, 2011
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I have been caring for a friends daughter, she is 4 years old. I used to work in a daycare center, so I am a certified childcare provider. I am currently caring for my...
Answers
- Usually in-home child care is less expensive as day care centers. That being said if you feel your being taken advantage of, then by all means ask for more money. Bu...
- If you become unavailable to watch her child then perhaps she'll realize what a blessing you are. I would sit down with her and tell her that you are not able to affor...
- I think you have a point that if the child requires higher demands that you should probably be paid more. Why isn't the child potty trained yet? Could you work out t...
Seeking Pre-school and After School Care (Full Day)
Asked by E.B. from Chicago
on August 14, 2009
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I live in the Schaumburg, Illinois area and currently have my almost 4-year enrolled in a private daycare/pre-school - the cost, however, is so high I am near broke (I...
Answers
- You might want to ask your local Catholic or other private schools if they participate in the "Preschool for all" program. It's a state-funded program for families th...
- St. Peter Lutheran School on Schaumburg Road (in Schaumburg) is a great private school. They have full day preschool and after school care programs. Give it a try, i...
- Hello, Look into Hoffman Estates Park District Pre-school. Information should be on their web site. Also, Harper College does a day care. You might also want to lo...
Can't Get People to Pay on Time for Childcare. What Would You Do?
Asked by D.F. from St. Louis
on March 15, 2011
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I take care of children. My policy is payments are due on the first of the week (Monday) most of the family's have no problem with this. However I have one family who ...
Answers
- HI D., When I had my kids in care, the payment was due either at the beginning of the month or every two weeks. I got paid every two weeks, but I didn't get paid un...
- You can send a note home with ALL children stating that if payment is not made Monday mornings, (unless previous arrangements have been made) the child will be unable ...
- Charge a fee each day it is late. $20. per day late fee..
Question for Moms Who Work Full Time Work Outside the House
Asked by C.S. from Miami
on October 12, 2011
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We have two children. My husband wants to try for #3. I don't know any other moms who work full time outside the house who have three children. If we had two in day...
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- I have 2. My brother and SIL have 3, with 1 more on the way. We all (all parents in both families) work. My 3 best friends are all working moms with 3 kids each. S...
- I work full time and have 2, we talked about a 3rd but my check covers tuition for both boys and my car payment that is it. We decided that we would like to start trav...
- I only have two kids and don't think we could afford more than that. We finally have them both out of daycare but when we did have them in most of my check when to da...
Childcare Tax Deduction
Asked by P.N. from Denver
on April 15, 2009
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I'm a stay-at-home Mom who occasionally does contract work for my old employer. I have a wonderful neighbor two houses away who watches my 20-month old when I have wo...
Answers
- Considering she does not do it on a daily basis, you should not claim it no matter how much you pay. I have my daughter with a caregiver and we pay such a great rate,...
- A lot of women who do it at home do not claim the income on their taxes. I would just make sure before I start taking my child there that they do. The last woman tha...
- the child tax credit is calculated on form 2441 and filed with your tax return, the percentage is based on your income... the more money you make, the smaller the perc...
Cost of Childcare Almost More than I Can Earn
Asked by S.S. from San Francisco
on October 14, 2009
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Hi. I'm looking at going back to work to help with growing household costs. I have been offered a job 20 hours a week, which I thought would be perfect since I can w...
Answers
- Child care can be very expensive. Have you looked at both centers and home-based providers? I've found home-based providers to have more reasonable rates than the cent...
- I have the same problem, but I found a way to do some work from home, after realizing I was actually LOSING money each month last year! It can be important to stay in...
- do you have neighbors, friends, or family that are stay at home moms/dads that would be willing to watch the kids for pay? When my son was little i watched my niece wh...
