Author: Jayme Kennedy

There are many tax credits and deductions available to parents and families, but one of the most overlooked and beneficial is taking a tax credit toward the money spent on daycare. These expenses qualify for the child care tax credit (IRS Form 2441) — formally known as the Child and Dependent Care Tax Credit — and if your family has never taken advantage of this tax break, it can be a game-changer the next time you file your taxes. Millions of families use daycare and childcare services, and they can be quite expensive. While claiming daycare expenses toward a tax…