TheChild and Dependent Care Creditprovides a tax break for many parents who are responsible for the cost of childcare. Though the credit is geared toward working parents or guardians, taxpayers who were full-timestudentsor who wereunemployedfor part of the year may al...
P.P.S. Don't forget that your software istax deductibleas a business expense. Depending on your tax bracket, its actual cost could be up to 40% less, once your bookkeeper deducts it on your tax return... so be sure to remind him or her, because they might be too busy counting al...
When starting a daycare, it is important to begin with enough money to cover yourstartup costsand the operational costs for at least the first 90 days. Remember, it is unlikely your daycare will start off with full enrollment, so don’t rely on enrollment fees for children unless they are...
Carl Sorensen, Senior Associate Vice President of Human Resources, said that his department had considered the issue, but ultimately had decided to focus its support in other areas. “When it comes to benefits, all kinds of benefits,” Sorensen said, “we’re really committed strategically to o...
If you paid a daycare center, babysitter, summer camp, or other care provider to care for a qualifying child under age 13 or a disabled dependent of any age, you may qualify for a tax credit of up to 35 percent of qualifying expenses of $3,000 ($1,050) f