is not only a fun time for kids, but may also be a source of tax credits for
parents as well.
your child is under13 years of age at the end of a tax year and they attend a
day camp, you could be eligible for a Child and Dependent Care credit.
the following apply to your family, you could receive a tax credit on your
personal income tax returns:
Your child is
going to a day camp. (Please note that overnight camps do NOT qualify for the
credit, however, if they participate in a sports camp for a week, these may
The payments to
the camp must be made to enable one to find or continue to work.
You (and a
spouse if married) must either have a W2 or Self employment income.
maximum that can be paid annually for camping expenses that qualify for the
credit are $3,000 for one child and $6,000 for two or more children. These
expense limits are added to any other childcare expenses that one incurs.
claiming your tax credit, you will need to provide to the IRS the following:
Name of camp
Address of camp
Employment Identification Number (FEIN) of the camp
with your KOS professional to see how much you can save by sending your kid or
kids to camp!
Experienced Audit Seniors and
Managers you will find a great fit at KOS. We are looking for senior or
manager level professionals with 3 or more years of public accounting
experience. Employees who have come to KOS from other firms find the
culture, opportunity and life work integration to be just what they were
looking for! Visit our careers site to learn about what makes us
different, the benefits of working for a smaller firm, view our current
openings and apply today at www.koscpa.com/careers/