Do you claim this valuable tax credit?
Childcare and adult dependent care can be expensive. That’s especially true for essential workers with dependents, now that schools and many traditional care services are closed during the COVID-19 crisis. The IRS is reminding taxpayers that they may be able to claim a valuable tax credit if they pay for care for qualified persons. The IRS defines a taxpayer’s qualifying person as a dependent who is: under age 13; a spouse who is unable to care for him or herself and lived more than half the year with the taxpayer; a person who is unable to care for him or herself, lived with the taxpayer more than six months and meets certain other conditions. Here’s more: https://bit.ly/2BXgiXj