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Itemized Deductions Schedule-A


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Old 01-16-2018, 12:50 AM
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Job related expenses or childcare credit

Hello,
If I pay a babysitter while I look for jobs, can I deduct as a job hunting expense, or must I report as a childcare credit?

Thanks!



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Old 01-18-2018, 09:48 AM
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no; you may claim only expenses to hunt for a new job; To help working parents afford rising day care costs, Congress enacted the Child and Dependent Care Credit. The credit allows working parents to reduce their tax liabilities by 35 % of their qualifying child care costs, limited to $3k for one dependent or $6k for more than one. You need to contact your home state taxing authority for deduction on your state tax return.



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