Can We Deduct Our Preschool Payments?
My husband and I enrolled our twins in preschool this past year. Is this considered a tax-deductible child-care expense?Question:
Yes, the expenses you incur for preschool (up to first grade) qualify as a child-care expenses. After-school care offered by some elementary schools also qualifies.
--Ginita Wall, C.P.A., C.F.P., Retire Rich Expert