The Appeal of Daycare Expense Spreadsheet
Only custodial parents can choose the credit, however, on account of the residency requirement. To begin with, always make sure that you receive a receipt for any services your kid may get. If you're single, acquiring a youngster may let you file as a head of household instead of using the single filing status. If you pay for daycare so you can work (or search for work), you might be in a position to benefit from the Child and Dependent Care Credit. Notice there isn't any daycare on such list. So it's important that you offer more than just daycare if you plan on generating serious revenue within this business.