Summer Camp

[ILLMAS]

Summer Day Camp Expenses May Qualify for a Tax Credit

IRS Summertime Tax Tip 2011-01, July 6, 2011

Along with the lazy, hazy days of summer come some extra expenses, including summer day camp. But, the IRS has some good news for parents: those added expenses may help you qualify for a tax credit.

Many parents who work or are looking for work must arrange for care of their children under 13 years of age during the school vacation.

Here are five facts the IRS wants you to know about a tax credit available for child care expenses. The Child and Dependent Care Credit is available for expenses incurred during the summer and throughout the rest of the year.

1. The cost of day camp may count as an expense towards the child and dependent care credit.

What is included in the "MAY" qualify for child and dependent care credit?

 

[Elrod]

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Summer Day Camp Expenses – July 2010 (ASL) – YouTube video text script

Hi, I’m Thomas, and I work for the IRS.    

Now that school’s out, what do you plan to do with your children?   

If you’re sending them to summer camp, did you know that the money you pay for that may help you qualify for a tax credit on next year’s tax return?   

It’s true.     

Summer day camp expenses may help you qualify for the child and dependent care credit.    

Remember, it must be a day camp.    

Overnight camps do not qualify.   

And even if you pay someone to watch your child at home while you work, you may still qualify for a credit of up to 35 % of what you pay.    

To learn more about the child and dependent care credit and to find out if you qualify, go to www.IRS.gov.

 

http://www.irs.gov/uac/Summer-Day-Camp-Expenses-%E2%80%93-July-2010-%28ASL%29-%E2%80%93-YouTube-video-text-script

[Patrick Michael]

I believe the "may" involves the other criteria that must be meet such as a qualifying child, the camp is so both parent can work or look for work, and filing status.