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Summertime Childcare: Unlocking Tax Benefits for Parents

As summer approaches and school vacations start, many parents are faced with the question: 'Who will watch the kids?' While arranging childcare can be a conundrum, it's worth noting that there are financial relief options available that can ease the burden. Parents who are working, actively seeking employment, or enrolled as full-time students may qualify for a Child and Dependent Care Tax Credit.

The tax credit is designed to assist families in managing the costs associated with childcare services. To qualify, both spouses must be employed unless one is disabled or a full-time student. Maximizing this credit involves understanding the nuances of eligibility and compliant expense reporting, which our firm, Sandra Stearns CPA, excels in.

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Our expertise in tax services means we're committed to helping you make the most of available deductions, ensuring your financial peace of mind is met alongside your family's needs. With over 38 years in tax and accounting, Sandra Stearns not only guides families through IRS compliance but also helps optimize their overall financial performance.

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Take advantage of this credit while focusing on those summer plans, knowing you’re backed by expertise that understands your financial goals and how best to reach them. For more insights, be sure to watch our informative video on the Child and Dependent Care Tax Credit and learn how you can strategically navigate this tax benefit.

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