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Tax Paperwork To Give Families
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Abigail
02:17 PM 01-02-2013
Why can parents only claim $3,000 per child per year as a tax credit? No full time child care would cost less than that. I understand the point of putting the dollar amount for each child now if that's the case because I have a full time preschooler and just the last few weeks a newborn sibling so even though they paid well over $6,000 they can't claim more than $3,000 for the preschooler and only claim the amount paid over the few weeks for the newborn, right?
How does the child care tax credit work in general? Is their something specific parents get when they have another child before the end of the year like the one newborn I now have?
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