Can I deduct child care on my taxes?

Answer Child care can be deducted under certain conditions. Conditions are based on your employment status throughout the year. Guidelines also specify age restrictions both on the child, and the childcar... Read More »

Top Q&A For: Can I deduct child care on my taxes

Can I deduct day care expenses from my taxes?

Expenses used exclusively for your day care business are deductible, as are at least a portion of expenses shared by your business and your household. Keep accurate records and save receipts so tha... Read More »

What does filing child care on your taxes do for you?

The IRS allows a child care tax credit for working parents or legal guardians. To claim the credit, you must file using form 1040, 1040A or 1040NR and identify the care provider on your tax return,... Read More »

Can I deduct PMI on taxes?

Congress extended the law through 2010 allowing taxpayers to deduct private mortgage insurance (PMI), but only for homes bought or refinanced since Jan. 1, 2007. The deduction is only available for... Read More »

What can you deduct from taxes?

Several tens of thousands of pages (maybe more) exist on this topic. No list does, nor is a list possible.