IRS Child care tax credit deduction calculator 2009 2010

If you a parent in USA and working, there might be possible that have arranged for care of your children under 13 years of age during the school vacation.Did you know about a tax credit available for child care expenses?The Child and Dependent Care Credit is available for expenses incurred during the summer holidays and throughout the rest of the year 2009. You can claim these childcare expenses as tax credit for 2009 2010Now what qualifies for a child care or dependent care expense? 

1. The cost of day camp can count as an expense towards the child and dependent care credit.
2. Expenses for overnight camps do not qualify.
3. If your childcare provider is a sitter at your home or a daycare facility outside the home, you'll get some tax benefit if you qualify for the credit.
4. The actual credit can be up to 35 percent of your qualifying expenses, depending upon your income. 
5. You may use up to $3,000 of the unreimbursed expenses paid in a year for one qualifying individual or $6,000 for two or more qualifying individuals to figure the credit.

Checkout IRS official child care and dependent care tax credit information bookletYou can claim child care expenses tax credit in coming 2009-2010 tax year.