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Posted by jkutti2000 on April 12, 2006, 7:17 am
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yes.. but if u have spent more than 5000 on day care
expenses, then there is some tax benifet to u.. if u have 1
kid.. then 3000-5000.. = -2000.. nothing even if u have
spent more than 5000.
if you have 2 kids.. then 6000-5000 = 1000.. and some
calculation later.( dependant on my AGI).. gave me a factor
of .2. so 200$... was the extra credit I got.. since I had
spent close to 7800 on my day care expenses for my 2
kids......
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