Daycare Expenses - Did You Know?

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  • zeros
    Senior Member
    • Dec 2006
    • 921

    #1

    Daycare Expenses - Did You Know?

    If you have two or more qualified dependents, the daycare expenses do not have to be equal for each of them. For example, you could use $5,000 for one dependent and $1,000 for the rest of them.
  • Gene V
    Senior Member
    • Jun 2005
    • 1057

    #2
    Yes

    Originally posted by zeros
    If you have two or more qualified dependents, the daycare expenses do not have to be equal for each of them. For example, you could use $5,000 for one dependent and $1,000 for the rest of them.
    It is possible that a qualifying child could have no expenses and a second
    child could have expenses exceeding $3,000. You should
    list -0- for the one child and the actual amount for the
    second child. The $6,000 limit would still be used to
    compute your credit.

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