Sending your child to soccer camp this summer could yield you a tax credit.
Dollars and Sense
Summer day camp may mean a tax credit
June 24
The Child and Dependent Care Credit covers expenses incurred for caring for a child, and summer day camps could qualify for the break, the IRS said.
The tax credit is aimed at helping working parents who must find someone to care for their children during the summer vacation season. The tax credit is particularly appealing for parents sending their youngsters to day camps that specialize in a particular activity such as soccer and computers, the IRS said.
Overnight camps do not qualify for the credit.
The credit "is for expenses incurred to care for a child...so you and your spouse if you are married filing jointly, could work or look for work," said IRS spokesman Michael Devine in St. Louis.
Up to $3,000 of unreimbursed expenses paid for one qualifying individual or $6,000 for two or more qualifying individuals can be used to figure the credit, according to the IRS.
A qualifying person is defined as a dependent child age 12 or younger at the time the care was provided.
for more information: IRS Publication 503, Child and Dependent Care Expenses. It is available at www.irs.gov, or by calling 1-800-829-3676.




