My child goes to preschool not daycare and I do work part-time would that be tax deductible if so what form would I use?

Answer by  tamarawilhite (17883)

Preschool counts as daycare for tax deductibility. You can seek reimbursement from a dependent care reimbursement account. If you didn't have this pre-tax account, then you can claim the child care tax credit on Form 2441.

Answer by  Att4372 (1704)

Use form 2441, Dependent Care Benefits. The benefit is a credit, not a deduction. You get a credit for a percentage of your expenses. You get a direct reduction in taxes for expenses paid. The preschool must have a tax ID number or be a nonprofit.

Answer by  technogeek (6640)

If you are paying for pre-school, you are able to deduct the costs on your Federal Tax Return. Be sure that you get the Tax ID Number from the center.

Answer by  tamarawilhite (17883)

You can claim the child car tax deduction up to the limit based on your income, assuming the child care provider has a Taxpayer Identification Number.

Answer by  patti (29325)

The law with regard to tax deductions changes regularly, so consult with a tax professional, who can verify the exact amount of the allowable deduction and file the correct forms for the maximum allowed.

Answer by  tamarawilhite (17883)

Preschool is still a legally deductible childcare cost if you work. You can use the Child and Dependent Care Credit on your tax form.