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spinoff - daycare tax credit
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LL514
LIF Adult
Member since 4/10 1901 total posts
Name:
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spinoff - daycare tax credit
so I know the child care tax credit is UP TO 3000 per child. but what is realistic? how much of a credit do you see?
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Posted 1/31/13 9:24 PM  |
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ali120206
2 Boys
Member since 7/06 17795 total posts
Name:
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spinoff - daycare tax credit
Our tax preparer told us it was better to get the $5 k pretax put into flex spending instead of doing the childcare tax credit. I haven't calculated the tax effect of it though.
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| Posted 2/1/13 6:28 AM |
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ali120206
2 Boys
Member since 7/06 17795 total posts
Name:
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spinoff - daycare tax credit
Our tax preparer told us it was better to get the $5 k pretax put into flex spending instead of doing the childcare tax credit. I haven't calculated the tax effect of it though.
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| Posted 2/1/13 6:29 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: spinoff - daycare tax credit
Posted by ali120206
Our tax preparer told us it was better to get the $5 k pretax put into flex spending instead of doing the childcare tax credit. I haven't calculated the tax effect of it though.
I started a flex account this year because my credit ends up being 600.
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| Posted 2/1/13 6:55 AM |
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Rachie
LIF Infant
Member since 2/09 280 total posts
Name:
Rachel
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spinoff - daycare tax credit
Can someone tell me what is flex spending for daycare?
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| Posted 2/1/13 10:10 AM |
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ali120206
2 Boys
Member since 7/06 17795 total posts
Name:
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Re: spinoff - daycare tax credit
Posted by Rachie
Can someone tell me what is flex spending for daycare?
Certain companies offer a flexible spending account where you can get up to $5k taken out of your paycheck pre-tax to put towards daycare costs.
It's only up to $5k per family and it can only be used for care so that parents can work. Signing up is part of annual enrollment.
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| Posted 2/1/13 10:21 AM |
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