i need to know what can can i claim on my taxes since i have a daughter, i know about the child care credit so i got 1000 for that i want to know what else can i claim , what about medical bills, or her expenses etc thankssssssssssssss
2007-01-27 10:20:47 · 2 answers · asked by lita 1 in Business & Finance ➔ Taxes ➔ United States
If you itemize, you can take as a deduction any medical expenses that exceed 7.5% of your income. In order for itemizing to pay off for you, you'd have to have more allowable deductions than the standard deduction for your filing status ($5150 single, $7550 head of household, $10300 married filing joint).
Child care expenses for her so you can work can also give you a partial credit for the expenses.
2007-01-27 12:04:48 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
If you get a tax form, it has all the area that you can deduct. The tax guide book explains how much you can deduct and has the tax tables. You really should use a tax service.
2007-01-27 18:27:12 · answer #2 · answered by whatevit 5 · 0⤊ 0⤋