As we start to wrap up summer and try to squeeze the most of these last few weeks before kids head back to school, it’s worth noting that you may be eligible for potential deductions related to your summer activities! If you were working or looking for work during the course of the summer and sent your children or dependents to camps or day care, you might be eligible for a 2016 tax credit.
Check out this link from the IRS that features 10 things you need to know about this deduction to determine if it applies to you. And be sure you’re saving documentation and receipts if you meet the requirements! You will have to submit adequate records and receipts to claim the credit at tax time.
If you’re unsure if you qualify, or if you want to discuss other potential deductions that may be available to you, call on us! We have a good understanding of tax codes and laws and can help you maximize your next return or minimize a potential payment. You can schedule an appointment with us by calling (913) 888-9100.
