Question: Randy Reliable, age 27, is a single dad caring for 2 children- Tommy age 5 and Theresa age 3. Randy works for the Rotgut Cola
Randy Reliable, age 27, is a single dad caring for 2 children- Tommy age 5 and Theresa age 3. Randy works for the Rotgut Cola Company. Randy participates in Rotgut's dependent care assistance plan. In 2017, Randy incurred the following dependent care expenses:
-$500 for Theresa's preschool program
-$1,000 for Tommy's after school program
-$2,500 in babysitting fees
Which if any of the above expenses are allowable and non-taxable? Explain.
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