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Tax Credit Helps Pay For Summer Camp

By BARRY LISAK
Posted 6/3/19

Along with the lazy, hazy days of summer come some extra expenses, including summer day camp, nursery school, and pre-school. The IRS has some good news for parents: those added expenses may help you qualify for a tax credit. Sorry, overnight camp does not qualify.

The child-care credit is designed to assist working parents with some expenses involved in raising a child. The credit varies depending on the taxpayer’s earned income. It reduces the amount of Federal and state income taxes due, which can in turn increase your refund.

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