Child Care Guide » Child Care Provider http://37uc.com All About Child Care Issues Sun, 15 Apr 2012 04:11:35 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Child Care Tax Deduction 101 http://37uc.com/child-care-tax-deduction-101 http://37uc.com/child-care-tax-deduction-101#comments Sun, 19 Jun 2011 05:34:02 +0000 ccare http://37uc.com/child-care-tax-deduction-101/848

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 this deduction. All of this can help them when it comes time to file taxes online.

The first thing a parent has to know is the criteria for the child care deduction. The criteria are as follows:

-- The child must be 12 years old or younger. If the child is 13 or older, you must show that the child is either physically and/or mentally unable to care for themselves. If the child is 13 and up and is mentally or physically disabled, you may also deduct adult daycare expenses.

--You must provide a home for the child or adult dependent by paying over half the expenses for the maintenance of the home for the dependent. You can not deduct child care or dependent care for a person that does not live with you. The childcare provider you employ can not be another dependent. This means that if your older children watch your younger children, this can be not be used for the child care deduction unless they are 19 years old or over and no longer qualify as a dependent.

--Your child care provider has to give you their name or business name if there is one, an address, and a Social Security or Employer Identification Number. This information will be reported on your 2441 form so that you can claim the Child and Dependent Care Tax Credit.

Parents have other deductions that they can claim on their taxes online or on paper. There is the Child Tax Credit, which can be up to $1,000 per qualified child. A child qualifies if the child's living expenses are paid by the parent for more then one half of the year and the child is not being claimed by anyone else. The child must also be 16 or younger by the end of the year to qualify as a dependent.

Another deduction for parents is the Earned Income Tax Credit. It was designed to help lower income families with their day to day expenses. If you need tax advice on how to claim this credit, you can check out the IRS website or contact a tax professional.

Checking yearly for changes in tax laws is always a good thing to start with, as there may be new deductions to help struggling families with their taxes.

Many people opt to buy tax preparation software to help them file their taxes. The programs walk the taxpayer through the filing process, asking them questions and using their answers to determine what they qualify for. If you are unfamiliar with how best to fill out your taxes, it might be worth buying one of these programs. They typically come with an option that all you to file taxes online right through the program. This can make the tax process much easier and can provide the taxpayer with additional savings.

By: Natalie Aranda

About the Guest Author:
Natalie Aranda writes on family and business. 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 this deduction. All of this can help them when it comes time to file taxes online. Many people opt to buy tax preparation software to help them file their taxes. The programs walk the taxpayer through the filing process, asking them questions and using their answers to determine what they qualify for.



]]> http://37uc.com/child-care-tax-deduction-101/feed 0 Does child care provider need to give parents a receipt for tax purposes? http://37uc.com/does-child-care-provider-need-to-give-parents-a-receipt-for-tax-purposes http://37uc.com/does-child-care-provider-need-to-give-parents-a-receipt-for-tax-purposes#comments Sun, 17 May 2009 03:17:25 +0000 ccare http://37uc.com/does-child-care-provider-need-to-give-parents-a-receipt-for-tax-purposes/720

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.

]]> http://37uc.com/does-child-care-provider-need-to-give-parents-a-receipt-for-tax-purposes/feed 5 My child care provider doesn’t have a social security number? http://37uc.com/my-child-care-provider-doesnt-have-a-social-security-number http://37uc.com/my-child-care-provider-doesnt-have-a-social-security-number#comments Thu, 12 Feb 2009 22:56:19 +0000 ccare http://37uc.com/my-child-care-provider-doesnt-have-a-social-security-number/748
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.

]]> http://37uc.com/my-child-care-provider-doesnt-have-a-social-security-number/feed 7 I want to become an in home child care provider? http://37uc.com/i-want-to-become-an-in-home-child-care-provider http://37uc.com/i-want-to-become-an-in-home-child-care-provider#comments Sat, 13 Dec 2008 23:13:17 +0000 ccare http://37uc.com/i-want-to-become-an-in-home-child-care-provider/682 child care
OhIluvEm asked:


How will I go about doing this?

I live in Washington and I have noticed a real need for this as alot of the in-home care providers here do not speak english or they lack the things in which babies need to thrive.

What will I need to get a license?
Here you do not have to go to college as most people with license can not even speak english and have someone translate.

]]> http://37uc.com/i-want-to-become-an-in-home-child-care-provider/feed 4 How to obtain the Child Care Provider License? http://37uc.com/how-to-obtain-the-child-care-provider-license http://37uc.com/how-to-obtain-the-child-care-provider-license#comments Sat, 13 Dec 2008 13:39:51 +0000 ccare http://37uc.com/how-to-obtain-the-child-care-provider-license/656 child care
kimberly p asked:


My mother wants to be a Child Care provider but she needs the license. We live in Staten Island, Ny.

]]> http://37uc.com/how-to-obtain-the-child-care-provider-license/feed 0 How to get my child care provider tax id or ein number? http://37uc.com/how-to-get-my-child-care-provider-tax-id-or-ein-number http://37uc.com/how-to-get-my-child-care-provider-tax-id-or-ein-number#comments Wed, 18 Jun 2008 12:37:47 +0000 ccare http://37uc.com/how-to-get-my-child-care-provider-tax-id-or-ein-number/539 child care
Jen G asked:


Im filing my taxes via turbotax. they are asking me for the tax id or ein number of kindercare. (the day care my son goes to) is there any way to find the number online? Or are they simply tax exempt?

]]> http://37uc.com/how-to-get-my-child-care-provider-tax-id-or-ein-number/feed 7 What topics for a training are important for a child care provider (sitter) to attend. If it were your sitter. http://37uc.com/what-topics-for-a-training-are-important-for-a-child-care-provider-sitter-to-attend-if-it-were-your-sitter http://37uc.com/what-topics-for-a-training-are-important-for-a-child-care-provider-sitter-to-attend-if-it-were-your-sitter#comments Thu, 29 May 2008 18:32:06 +0000 ccare http://37uc.com/what-topics-for-a-training-are-important-for-a-child-care-provider-sitter-to-attend-if-it-were-your-sitter/515 child care
comeanddance83 asked:


I work for a non profit child care program and every other month our child care providers are required to attend them. Now I need new ideas for our up coming training.

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