| Posted By |
Message |
Waste06
Waste not, want not
Member since 6/06 7219 total posts
Name:
Lois Mom Mommy Mama Ma
|
Claiming preschool tuition on taxes
Can we claim preschool tuition on our taxes if both parents work? I believe we can, as long as the daycare provider gives us their Tax ID number, but I'm not sure. Has anyone done this?
I want to be prepared and have all info needed when we meet with our tax accountant next month.
|
Posted 1/15/13 2:48 PM  |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource |
ds319
LIF Adolescent
Member since 5/07 659 total posts
Name:
Dena
|
Re: Claiming preschool tuition on taxes
Yes because you both work you can. Just make sure you have their tax ID #.
|
| Posted 1/15/13 3:02 PM |
| |
|
bpmom
Feeling Blessed
Member since 6/07 2963 total posts
Name:
|
Re: Claiming preschool tuition on taxes
Does this mean you can't claim it if only one parent works?
DH works FT, and I own my own business but technically don't draw a salary yet --
(I think) my accountant told me we could claim any childcare/school/camp costs that were in addition to elementary school:
nursery school
pre-K
daycare
before/after care
camp (not sleep away)
|
| Posted 1/15/13 3:07 PM |
| |
|
|
|
Re: Claiming preschool tuition on taxes
do they have to be in school f/t in order to claim it? DS only goes 2 days a week but we both work full time.
|
| Posted 1/15/13 3:53 PM |
| |
|
charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
|
Re: Claiming preschool tuition on taxes
This should clarify.
http://turbotax.intuit.com/support/iq/You-and-Your-Family/Child-and-Dependent-Care-Expense-Credit/GEN12287.html
|
| Posted 1/15/13 4:49 PM |
| |
|
Goobster
:)
Member since 5/07 27557 total posts
Name:
:)
|
Re: Claiming preschool tuition on taxes
You can claim it IF both parents work and it's used for "daycare" purposes.So if one parent is home with child (and no income) you can't claim it. I asked my acct.
ETA - Meant to say Can't claim it if one parent is home or no income
Message edited 1/15/2013 8:22:28 PM.
|
| Posted 1/15/13 6:16 PM |
| |
|
Karen
Just chillin'!!
Member since 1/06 9690 total posts
Name:
Karen
|
Re: Claiming preschool tuition on taxes
Yes!
Both parents must work, be in school, or be disabled.
ETA: It used to be that if you could prove an unemployed spouse was looking for work that was sufficient enough, but now apparently both spouses have to have earned income. Unemployment compensation does not count.
Message edited 1/15/2013 6:23:58 PM.
|
| Posted 1/15/13 6:22 PM |
| |
|
