tax exemption on childcare expenses
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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 ...