Post by imojoebunny on Feb 13, 2023 19:58:31 GMT -5
Federal educational tax credits only applies to college for degree seeking candidates. MN seems to have a tax credit for education, but it appears to only apply to school, not summer camp, and has a pretty low income limit.
Federal educational tax credits only applies to college for degree seeking candidates. MN seems to have a tax credit for education, but it appears to only apply to school, not summer camp, and has a pretty low income limit.
Educational Summer Camps are eligible for the tax credit, not the entire amount, but the amount that is considered education. We have been able to claim that before. I wasn't sure if the camp we went to in FLA had a similar option, but I don't see the schedule for taxes listed on their site like I do for the MN camp.
Thanks for the clarification for the Federal side of it, I was unclear about that credit.
I think you're right that the FL camp doesn't likely have parallel information given there's no state income tax. Maybe you could call them? They might have had this question in the past and have an estimate to be able to provide you. But kind of seems like a longshot.
So... did you like go on vacation and send the kids to camp for the day, giving you and your spouse solo vacation time? Because that is actually brilliant.
I think you're right that the FL camp doesn't likely have parallel information given there's no state income tax. Maybe you could call them? They might have had this question in the past and have an estimate to be able to provide you. But kind of seems like a longshot.
So... did you like go on vacation and send the kids to camp for the day, giving you and your spouse solo vacation time? Because that is actually brilliant.
We totally did! We spent a few days in Key West and then the rest of the days in Key Largo.
Dropped them off at 9 and picked them up at 4. We went snorkeling, kayaking, sailing, and hung out at the beach.
I think you're right that the FL camp doesn't likely have parallel information given there's no state income tax. Maybe you could call them? They might have had this question in the past and have an estimate to be able to provide you. But kind of seems like a longshot.
So... did you like go on vacation and send the kids to camp for the day, giving you and your spouse solo vacation time? Because that is actually brilliant.
We totally did! We spent a few days in Key West and then the rest of the days in Key Largo.
Dropped them off at 9 and picked them up at 4. We went snorkeling, kayaking, sailing, and hung out at the beach.
Not sure about the state specific credit but you can use summer camp expenses to qualify for the federal childcare tax credit (as well as after school programs or daycare).