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Old 02-27-2008, 08:48 AM
wildpookey wildpookey is offline

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Preschool Credit - Tax Refund

If you had to pay for a child to attend preschool during 2007, make sure you ask your tax consultant if you are eligible for the Preschool Tax Credit.
You could get more money back in your refund!
I got alittle over $100 back in my refund.
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Old 02-27-2008, 09:34 AM
marbear marbear is offline

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I'd love to know more about this. We owe $70 in taxes and this could eliminate this for us.
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Old 02-27-2008, 10:13 AM
wildpookey wildpookey is offline

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I pulled this right from the IRS website. It's actually called the Child and Dependent Care Expense Credit (my tax lady called it the Preschool credit).

Education.
Expenses for a child in nursery school, pre-school, or similar programs for children below the level of kindergarten are expenses for care. ter while you work. Expenses to attend kindergarten or a higher grade are not expenses for care. Do not use these expenses to figure your credit. Summer school and tutoring programs are not for care.

Example 1.
You take your 3-year-old child to a nursery school that provides lunch and a few educational activities as part of its preschool childcare service. The lunch and educational activities are incident to the childcare, and their cost cannot be separated from the cost of care. You can count the total cost when you figure the credit.

http://www.irs.gov/pub/irs-pdf/p503.pdf
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