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Taxing Matters

By William Perez, About.com Guide to Taxes

Parents can claim a tax credit based on expenses for day care for children under the age of thirteen, or for dependents of any age who are disabled. One tip: the Form 2441 for the child and dependent care credit needs to be completed if you have a dependent care FSA as this form will ensure that your FSA funds remain untaxed.

More tax credits for parents: adoption credit and the child tax credit.


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