How much will the IRS return in Child Care Expenses?
ivory_windy asked:
My husband and I have 5 kids. My husband works and I stay home with the smaller kids. With the economy slumping down fast, so is our finances. I need to work ASAP. But we figured, if I worked, I will only make enough to pay the child care expenses, maybe less.
My husband and I have 5 kids. My husband works and I stay home with the smaller kids. With the economy slumping down fast, so is our finances. I need to work ASAP. But we figured, if I worked, I will only make enough to pay the child care expenses, maybe less.
If the Child and Dependent Care Expenses Credit kicks in during tax season, maybe it will be worth it. What percentage of the Child Care Expenses will the IRS return?
I came across another question here and I was wondering wha it is about -- Preax $5000 credit?
http://answers.yahoo.com/question/index;_ylt=AjBpaopkYCnRfxewF3qSZVMAAAAA;_ylv=3?qid=20071024170503AAYVKrC
