10 midyear tax moves to make now
Hold on to day camp receipts
Most working parents are well aware they can claim the child and dependent care credit to help cover day care expenses for the kids. But don't forget about day camp costs during summer.
When school's out, day camps are a good substitute for or supplement to regular child care options. The IRS thinks so, too. It allows you to count the day camp costs toward your child care credit claim.
Remember, only day camps qualify, no overnight kiddie retreats at the lake. But if you did take advantage of this short-term child care help, hang on to those receipts so you can count them when you file your taxes next year.