Claiming Summer Camp as a Tax Write-Off
Your Child's Camp Experience May Yield Tax AdvantagesExpenses associated with a summer camp may yield a tax break for working parents as part of the child care tax credit. Here are some rules and guidelines to keep in mind:
- Overnight camps might give parents a break, but won't qualify as a tax break.
- Day camps qualify, even if dedicated to a particular activity (volleyball, lacrosse, dinosaurs, etc.).
- The child going to camp has to be under 13 this year to qualify.
- Both parents must be working and earning income in order to claim the child care tax credit.
- Make sure the day camp provider will provide a receipt and their Tax ID Number (commonly referred to as an 'EIN")
- Only the day camp fee qualifies. Uniforms, camp supplies and transportation costs do not qualify for the tax credit.
Certainly you don't send your kids to camp for a tax break, but knowing the rules may pay off when we prepare your 2016 tax return!