Federal Elderly Care Tax Credit- the Child and Dependent Care Credit (also referred to as Elderly Dependent Care Tax Credit) is a tax credit for expenses an individual or family incurs for the care of a dependent or other person living with them so that the taxpayer(s) are free to work elsewhere. Home care or adult day care costs are examples of work-related expenses eligible for the Child and Dependent Care Credit Tax Credit.
A way to help your parents, while helping yourself.
Author: Kathleen
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