Now that the summer is in full bloom, parents who have sent or considering sending their children to summer camps may not be aware of the tax implications. Parents who have placed children in camp while they are working or looking for work may be eligible for various tax breaks such as the dependent care credit and the deduction for medical expenses in certain special situations. To get a better grasp of the various tax breaks and the special rules and limitations in this area readers should explore Summer Camp: Tax Treatment.
Summer Camp: Tax Breaks For Those Working or Looking For Work
July 8, 2012 by STEVEN J. FROMM, ATTORNEY, LL.M. (TAXATION)
Posted in Dependent Care Credit, Income Taxes, Summer Camp Tax Breaks, Taxes | Tagged dependent care credit, income tax, income tax planning, summer camp, Taxes | 4 Comments
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STEVEN J. FROMM, ATTORNEY, LL.M. (TAXATION)- Playing Games With Employees: IRS Temporary Tax Break Ends June 30, 2013
- Estate Planning 2013: Now What? A Must Read For Everyone
- 2012 Year End Tax Planning Strategies
- Hurricane Sandy: Tax Deductions For Casualty Losses
- Can I Trash It Now? Tax Record Retention Guidelines
- Philadelphia Now Allows A Tax Credit for Hiring Veterans
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- IRS Slams Taxpayers: Attention to Tax Details Matter
- Helping Elderly Parents with Their Finances and Estate Plan
- New 2013 Medicare Tax: 3.8% Stealth Tax
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Hello there! This is kind of off topic but I need
some advice from an established blog. Is it difficult to set up
your own blog? I’m not very techincal but I can figure things out pretty quick. I’m thinking about
creating my own but I’m not sure where to begin. Do you have any points or suggestions? Thank you
Please send me an email and can give you some pointers. Your email arlen_jorgensen@googlemail.com would not work.
When I read this post, I get the most updated information on tax free rules for parents that send their children to summer camps. According to these rules parent that has no job they can get deduction for medical expenses in some situations. I think this rule is very relaxing for all poor families and parents that want to give better life to their child.
http://www.summercamp.net
Glad I could be of help to you.