Child Care Tax Deduction 101

For parents of children 12 and under, the child care tax deduction can be a life saver to working parents. Parents should become familiar with the tax information regarding the child care tax deduction. If they aren’t sure what to do, there are many tax professionals which can offer tax advice on how to claim [...]

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Does child care provider need to give parents a receipt for tax purposes?

noreester asked: Folks, my wife and I are going have our son watched by a neighbor/close friend. Will the friend need to give us anything for tax purposes? Will we need anything from them when we go to file our taxes? A receipt or anything.

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My child care provider doesn’t have a social security number?

mg asked: I paid for my kids childcare in 2008, but the person/babysitter that took care of them does not have a social security number, how can I claim that in my taxes? I paid over $4,000.00 in babysitter.

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