Maximize Your Summer: Understanding Dependent Care Tax Credits

As we approach the summer break, many parents may wonder how to balance work with the increased need for child care. Fortunately, there are tax credits available for qualifying expenses related to the care of a child, spouse, or other dependent. These credits are applicable if you are actively employed or seeking employment, ensuring you can manage both your professional and personal responsibilities effectively. For married couples, both spouses must be employed unless one is disabled or a full-time student to qualify. Watch this video to learn more about optimizing these tax credits during the summer months and how they can significantly impact your financial planning.

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