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Reply to "Can I claim childcare credit?"
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[quote=Anonymous]My husband is salaried, and I am a SAHM, but also run my own (very small, modest for now) company. I made $5800 in 2012, and spent $1600 on preschool for one child and $750 on babysitting for the other while I earned that money. Does anyone know if 1)I am eligible for claiming the Child and Dependent Care Credit and / or 2) It is beneficial to do so? I have done all the obvious reading about this, and am left with another question: I can't document my babysitters with tax IDs etc b/c they were just casual sitters, not an "employee," or nanny. Do I skip the babysitting expenses and just base the credit on preschool expenses? Thank you for any help you might be able to give us! [/quote]
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