A single taxpayer who makes $40,739 per year in gross employment income has an 17 year old
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Question:
A single taxpayer who makes $40,739 per year in gross employment income has an 17 year old son who has a mental infirmity (but is not eligible to claim the disability tax credit). He pays $3,709 per year for after-school childcare and $138 per week for 2 weeks of overnight summer camp.
What is the maximum child care expense that the taxpayer can deduct when calculating their net inome for tax purposes?
Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
Posted Date: