Sending Your Kids to Summer Camp? Don't Forget to Claim This Tax Break

Sending Your Kids to Summer Camp? Don't Forget to Claim This Tax Break

The good news, though, is that there's a special tax break available for families who pay for childcare, and that extends to summer camp. The Child and Dependent Care credit is a credit for parents who have to bear the cost of childcare. Unlike a tax deduction, which merely exempts a portion of your income from taxes, a tax credit is a dollar-for-dollar reduction of your tax liability.