Don't deduct overnight camp, but …
When school lets out for the summer, working parents face a child-care dilemma: what to do with the youngsters while mom and dad are at the office.
Some families send the kids off to summer camp. That's a great experience for the kiddos and eases, at least temporarily, parental child-care concerns.
But sleep-away camps, in the summer or any other time of the year, are not tax-deductible.
However, if you decide instead to keep the kids at home and simply send them to day camp during the hours you're working, that expense could qualify as a claim for the child- and dependent-care credit.
If your care costs are for 1 child, you can count up to $3,000 of care expenses each year toward the credit. The expense amount is doubled for the cost of caring for 2 or more dependents.
Your actual tax credit can be up to 35% of your qualifying expenses, depending upon your income. And while that might not seem like a large percentage, remember that since it's a credit, you get to use it to offset your tax bill dollar for dollar.