If you enroll your dependent into Summer Camp, you may be able to claim a tax credit on your next tax return.
There are a few rules that you will want to follow:
1). You must be at work or looking for work, ( exceptions apply).
2). Your qualifying dependent must be under 13 years of age, (exceptions apply).
3). You must have an Earned Income .
4). Your Expense limit is no more than $6,000 for two or More qualifying children.
5). Overnight Camp or Summer tutoring doesn't count as a Summer Camp!
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Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.
Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.