For example, if you claim a $1,050 maximum credit for the care of one child and owe $750, the IRS will use your credit to wipe out your tax bill, but you won’t get the extra $300 as a refund. Defining dependents. If you pay for child care, you can claim this credit to help offset some of your costs as long as your child meets IRS guidelines.
https://www.bankrate.com/finance/taxes/irs-can-help-you-look-after-the-kids-1.aspx
If you pay for child care so that you can go to work or school, you may be able to claim those expenses on your tax return. Each child for whom you claim expenses must meet the Canada Revenue Agency's eligibility requirements. The child must be younger than 16 years of age, be yours, your
https://turbotax.intuit.ca/tips/claiming-child-care-expenses-5175
References & Resources. 1  Byrd & Chen: Canadian Tax Principles – 2013 Professional Edition. 2  Robert Stone; Mr. Taxes.ca Inc; Canada. 3  Canada Revenue Agency: Questions and Answers About Child Care Expenses. 4  Canada Revenue Agency: Line 214: Child Care Expenses.
https://turbotax.intuit.ca/tips/claiming-child-care-expenses-5175
For taxable years starting on, or after, January 1, 2013 (filed beginning in 2014), you now have a simpler option for computing the business use of your home (IRS Revenue Procedure 2013-13, January 15, 2013).
https://www.irs.gov/businesses/small-businesses-self-employed/home-office-deduction
Claiming child care expenses may reduce the amount of tax you have to pay. How Much to Claim Canadian taxpayers can claim up to $8,000 per child for children under the age of 7 years at the end of the year, and $5,000 per child for children aged 7 to 16 years.
https://turbotax.intuit.ca/tips/claiming-child-care-expenses-5175
The first thing to keep in mind is that the credit probably will not pay for all of your child-care costs. The IRS limits the dollar amount you can claim and you only get to count a percentage of that amount. You can claim only up to $3,000 for the care of 1 person and $6,000 for 2 or more. Then this amount is further reduced based on your overall income (more on this later). There is some good news, however. If you paid someone to watch over your 2 (or more) kids, you can combine all your care costs to reach the $6,000 limit.
https://www.bankrate.com/finance/taxes/irs-can-help-you-look-after-the-kids-1.aspx
Claiming child care expenses may reduce the amount of tax you have to pay. Canadian taxpayers can claim up to $8,000 per child for children under the age of 7 years at the end of the year, and $5,000 per child for children aged 7 to 16 years.
https://turbotax.intuit.ca/tips/claiming-child-care-expenses-5175
How Much to Claim. Canadian taxpayers can claim up to $8,000 per child for children under the age of 7 years at the end of the year, and $5,000 per child for children aged 7 to 16 years. For disabled, dependent children of any age who qualify for the disability tax credit, the amount to claim for that child is $11,000. You can claim $5,000 for a disabled child over the age of 16 who does not qualify for the disability tax credit but was still dependent on you and required care. For a boarding school or overnight camp, you may only claim up to $200 per week for a child under the age of 7 years, $275 per week for an eligible disabled child, or $125 per week for a child aged 7 to 16 years, as of 2013.
https://turbotax.intuit.ca/tips/claiming-child-care-expenses-5175
Either you, your spouse or common-law partner can claim child care expenses. Single parents also can claim them. With couples, the person with the lower income claims the expenses, unless one of the situations on Form T778 part C or D applies; for example, if the lower-income person is not capable of caring for the children for medical reasons, or because she’s a full-time student.
https://turbotax.intuit.ca/tips/claiming-child-care-expenses-5175
But you used $5,000 from your workplace FSA to pay part of those costs, so the account money will reduce how much you can claim toward the child care credit — the $6,000 maximum care expense amount is cut to $1,000.
https://www.bankrate.com/finance/taxes/irs-can-help-you-look-after-the-kids-1.aspx
how much daycare can you claim on your taxes
You can claim only up to $3,000 for the care of 1 person and $6,000 for 2 or more. You can claim only up to $3,000 for the care of 1 person and $6,000 for 2 or more on your taxes.