Expenses associated with summer camp may result in a tax
break in the form of the child care credit so long as they are work-related.
There are, however, some rules and restrictions for claiming summer camp
expenses on your taxes:
Overnight camp is fun for the parents but doesn’t qualify
for the credit.
Chess camp might be okay. The cost of sending your child to
a day camp may be a qualifying expense, even if the camp specializes in a
particular activity.
The forms matter. To claim a credit for child care expenses,
you’ll need to attach a federal form 2441 to a federal form 1040, federal form
1040A, or form 1040NR.
Stay at home and unemployed spouses make you ineligible for
the credit.
Some of the expenses involved in simply getting ready for
camp are deductible. That includes physicals (you do not have to be sick for a
physical or well exam to be deductible); shots (vaccines and immunizations are
considered preventative care and are deductible); and fees for doctors to
complete forms for camp.
Courtesy of Forbes
For more information contact Neikirk, Mahoney and Smith at 502-896-2999
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