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Old 06-14-2017, 04:26 PM
HammerDad HammerDad is offline
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Quote:
Originally Posted by dinkyface View Post
How would you determine net cost? AFAIK the tax reduction specifically attributed to the child care expense is not indicated anywhere on your tax return or NOA.
The easiest way is for the person who claims the child care deduction is to prepare their returns twice, the first time with the claim and the other without. Subtract A from B, and that is the amount attributable to child care.

You then subtract that amount from the gross annual cost of child care, divide by 12, then split proportionally to income.
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