TAXATION - Childcare Expenses

Childcare expenses include fees paid for:

  • baby-sitting
  • nursery schools
  • day-care centers

And with some exceptions, you may also claim expenses for:

  • day camps or day sports schools
  • boarding schools and overnight sports schools and camps

You need to have receipts from your childcare provider to support your claim. There is a limit to the basic amount that any taxpayer can deduct for child care. This limit is the least of:

  • $7,000 for each eligible child who is under seven, plus $4,000 for each eligible child who is either age seven to 16; ($10,000 for each eligible child who qualifies for the disability amount);
  • the total amount actually paid for child care in the year; or
  • two-thirds of the taxpayer’s earned income for the year.