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 Why is my wife not getting stimu. refund when we filed jointly?
they only sent 900.00 i assumed it was house hold so my wife would get 600 i would get 600 and my 2 girls would get 300 each my wife is not employed but is still on the icome tax statements,they left ...


 I thought VAT was only on luxury items?? So is my cars repair bill a luxury item!!?
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 Can I use my year-end paystub in lieu of my w2 to file my income taxes.?
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 Is it true that you dont pay taxes - they take taxes?
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 My employer deducts NJ state tax and I work in Texas. Can my employer stop deducting my state tax?

Additional Details
My employer is based in NJ and I work as a consultant and right now the client is in Texas and I have been working at clients place.My employer says he is registered ...


 How do you figure out how much tax is coming out of your paycheck?
say you make 500 a month, in the state of Texas, how much should come out for taxes?...


 Are payments made to the IRS tax deductible for the following year?
I am paying the IRS 300-400 a month this year. Will I be able to claim this next year when I itemize?...


 How much after taxes?
Okay I am changing to getting paid bi-weekly instead of weekly here is the layout to help:
Right now I get 520 before taxes and 430 after taxes
If I start getting paid bi-weekly and get a ...


 I was 60 this week, apart from state pension what else am I entitled too and how do I get these things?

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I am born and bred in this country and worked 90% of my adult ...


 Benifits of co-habitation. My boy friend works. I am on disablity for lik e and he would like to?
for tax perposes to use me as a dependant. ( out of the 3000 he makes a week, gvmt takes 1000). Sure, in the long run, at retirement the extra income would be appreciated, but we have IRA's ...


 What happens if you think there is a misprint on your W2 and you have already e-filed?
I noticed that on my W2 that the EIN number is the same as the state id number. I have already efiled my federal but not my state. Will the IRS reject it, and I have to amend it or will it affect ...


 If your over 50 years old can you sell a house and keep the profits without paying capital gains tax??
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 Two refund checks? PLEASE HELP!?
Okay so I received a refund check about two weeks ago. They had said (via. letter in the mail) that I had a few errors on my tax return papers so they corrected and sent me a check for the corrected ...


 Is all the information on your last paystub going to match the info on the w2?
basically I am asking if you have your last paystub of the year and you are e-filing do you need your w2 to file your taxes?...


 Please let me know balance in account no MH/99720/0446?
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 What can a young married couple who rents, does not own a business no kids do to have tax deductions?
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 Are there any legit free website to help me file my own taxes here in the USA?
I live in Georgia....


 TAX CREDITS QUESTION. (England)?
Handed in my notice at work but looking for new employment.

1. Wife gets child tax credit not working (4yr old to look after)
Q: will her allowance be affected.

2. I get ...


 How to find out about authorized tax returns?
requesting information about tax returns release ...


 What do you do with old bank statement and payslips?

Additional Details
i mean do u hoard the for future ...



Debi 5
Can day care be deducted from your income tax?
                     
 




Molly
Rating
No, not deducted.

With daycare you have two options. At the end of the year when you file your return you complete form 2441, Credit for Dependent Care Expenses. On this form, you may enter up to $3,000 of qualifying childcare costs (per child with limits) and compute your (non-refundable) tax credit.

A better option might be checking out your employers cafeteria, flex, or Section 125 plan (all the same thing, just different names). You can defer up to $5,000 of your earnings to the flex plan pre-tax. That means no income or other taxes. During the year, you submit receipts to the flex plan administrator who will write you a check. Don't defer more than you expect in expense.

Hope this helps.


cutie752000
Rating
Our tax lady deducts ours but you have to have the license # of your day care or the social security # of the person so they can make sure that IRS can make sure they put down the income.


tw9812
The answer above me is the most correct one.

In additional, it is $3000/ child but the credit is pharse out if your AGI exceed certain amount.


jenluvsdrew
Rating
yes it's called a child care credit!!!!keep your receipts.


Belarus94
Rating
Yes, and you should. It is not going to be much, around $500-700, but at least it is something that is better then nothing. When you file you taxes, make sure you bring this up to your tax advisor. Also you need to bring any paperwork you have from childcare facility. If you have more then 1 child, then return ($$) will be slightly higher.


cyanne2ak
Yes it can be! Take your receipts at the end of the year to your CPA.


extra_37
Actually day care is eligible for a credit. the credit amount is based upon you income, the number of kids in day care and the total expense you paid.


icddppl
Rating
Yes, childcare expenses can be deducted. Just make sure the person providing it is claiming it as income or it can get messy!!


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