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Money and Finances
Reply to "Income tax deductions & credits"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Nah, you shouldn't be trying to give advice since you seem pretty uninformed. For example, the child care care credit - the majority of DCUM posters are going to have incomes above the limit for this. I "qualify" based on my income and the max credit you can get is $400 even with thousands of dollars in expenses. You also have to itemize. It's not even worth it anymore for me to worry about taking the credit now.[/quote] I always get mad when I see that $5,000 limit... and that's per [b]household [/b]not per [b]kid[/b]... in what world do people pay only $5,000 a year for child care?[/quote] That's the wrong question. Why should the taxpayers subsidize your child care expenses at all?[/quote]
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