Income Tax

Tax Tips For Summertime

Tax Tips For Summertime


< 27-Jul-09 07:40 PM >
Summer Time is an important time for tax deduction.

Many taxes can be deducted during this time. the following a list of the most important taxes you can deduct.

Summer Camp Expenses

The cost of certain types of summer camps are considered a qualified expenses.

In particular, day camp expenses may be qualified but overnight camp expenses are not. The cost of overnight camps are not generally considered a work-related expense and therefore not a qualified expense for this credit.

If you send your child to a day camp that specializes in a particular activity such as a sport, this may also be considered a qualified expense.

Educational Expenses

Expenses for a child in nursery school, pre-school, or similar programs for children below the level of kindergarten are expenses for care. However, expenses to attend kindergarten or a higher grade are not expenses for care.

However, expenses for before-school or after-school care of a child in kindergarten or a higher grade may be qualified expenses.

Summer School

Expenses for summer school and tutoring programs are not considered qualified expenses

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