We all know child care can get expensive. However, it’s sometimes necessary. If you are working and need help with child care, you can reduce some of the impact to your bottom line with the help of the child care tax credit.
Before you claim the child care tax credit, though, there are a few things you need to know:
1. Your Child Needs to be Qualifying
You can only claim this tax credit if your child “qualifies.” This means that you claim the child as a dependent and you have the appropriate Social Security number […]