June 4, 2015
Working parents should be aware that the child and dependent care tax credit is available to offset some of the expenses for child care. Six facts the IRS wants taxpayers to know about the credit:
● Children must be under age 13 to qualify for the credit.
● The credit applies whether the childcare provider is a sitter at home or a daycare facility.
● The credit applies for up to $3,000 of expenses for one child and up to $6,000 for two or more.
● The credit can be up to 35% of qualifying expenses, depending on your income.
● Overnight camps don't qualify; day camps do.
● Keep receipts for expenses, and get the employee ID number of the care giver.
It’s safe to say that most people are laser focused on money right now—specifically on how to make it last longer. To help you do just that, we compiled the following list of tips for spending less in 2020:
With more of us likely staying close to home this summer, why not plan to either start a healthy and regular workout schedule or enhance your current routine? It’s never too late in the year to get your healthy on, so we’ve compiled a short list of tips to get you moving.
Summer is typically the time people start planning vacations—Disney World…cruises…the beach. This year, however, travel may not be in the cards. But that doesn’t mean you have to sacrifice down time and fun with the family. Make this the year you plan a fantastic staycation! Here are some tips to make sure you can kick back, relax and have a memorable time with a vacation at home.