Dependent Care Deductions

Q. How can I determine whether or not I am eligible/qualify  for the child or dependent care expenses deduction?  I have a child that I claim –18 yrs old live at  home—  I receive support from his mother – we are divorced.

A. The IRS has very specific requirements regarding to gets to claim the Child and Dependent Care Credit.  In fact, there is an entire chapter (32) of Publication 17 devoted to it.  The basic requirements you must meet in order to be eligible for this credit follows:

Eligibility requirements:

• The care must be for one or more qualifying Read more »