The Max Back Taxes

I was going to post a picture of me folding my arms, but I figured I'd post me teaching instead. 😉 Can I offer you FREE software? YES. Can I offer you FREE co-branding? OF COURSE. But when you get the software, now what? 🤔 Tax School Dropout is designed not only to meet your low-cost software needs but to teach you how to grow a recession-proof brand. 💼✨

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Save time and money by having these things ready when it's time to do your taxes. This will determine the types of forms that you will need to use. Here’s a checklist of documents you’ll need when filing your taxes: 📑💰⏰

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Claiming the child and dependent care credit.
✅You must be working, looking for work or going to school while child is being cared for.
✅Anyone can be the childcare provider except for your other child under 18 or other parent of the child)
✅The childcare provider MUST claim the income on their taxes. (Even if they don't regularly file) the standard deduction income limit does NOT apply in this situation because it is self employment. So anything over $400 MUST be claimed and filed.
✅you are NOT responsible if the other person doesn't claim it AS LONG as you get a signed letter from them with their name, address, number, social, and total amount paid, or have them sign the w10-Dependent Care Provider's Identification and Certification
✅the child must be under must not have reached their 13th birthday in 2021
✅The credit is 50% of the amount you paid You can up to $4000 which means you paid $8000 or more for 1 child. It’s maxed at $8000 for 2 or more if you paid over $16,000
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