so i was looking on the irs website and looks like we can't deduct nanny expenses as child care deduction if we're a sahm. am i reading this right?
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Correct, for the childcare credit, you and your spouse (if filing jointly) have to be working or looking for work.
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@MamaG: thanks!
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@tequiero21: well that sucks
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Bummer. Well maybe now you can pay a little less under the table?
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@Rachel: right. Most nannies may prefer it too!
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5 comments