Getting to the Source of Accurate Nanny Tax Information

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What's the best way to find out exactly what I can and can't claim in childcare expenses?

Getting to the Source of Accurate Nanny Tax Information

Some people would rather not pay someone else to do something that they could do themselves, like filing income tax. Hey, there's nothing wrong with that. Just make sure to do your research, make sure you've got the proper income tax forms, and most important, the right information.

Ever notice how when you ask ten different people the same question, you get ten different answers? You don't want that to happen when you're trying to figure out nanny taxes, nanny payroll issues, or how much you can claim for childcare expenses. There could be variances from state to state, and a wide variety of situations that fit into different IRS categories. The best way to make sure you're getting the most accurate, up-to-date information is by visiting the IRS website.

The IRS website is an easy tool to use for finding the correct income tax forms you need, complete with explanations on why you may or may not really need those forms. There are some great articles on child care claims that include information on what you can claim and what you can't, depending on your life circumstances.

Get some toothpicks for your eyelids…reading the IRS website is a little dry. It will, however, help you find out exactly what you need to know about nanny taxes and claiming nanny expenses.

   

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