The Internal Revenue Service is reminding parents who send their kids to a summer day camp program that the costs might tax deductible.
Michael Devine, IRS Media Relations Specialist for Kansas and Missouri, says there’s a chance those costs could be included as part of the Child and Dependent Care Credit . The key for the day camp tax break is that it is only for day camp – not overnight camp for kids – and only involves children under the age of 13.
Devine points out the summer day camp costs could be added to other child and dependent care expenses, with the credit figured on up to $3,000 of expenses for one child, and $6,000 for two or more children. Depending on income, the credit is generally 20 percent to 35 percent of non-reimbursed expenses. Information on the tax credit is available at www.IRS.gov .