baby-sitter costs as tax deduction?
Hi, I am a single dad with 2 small children. Because of the covid-19 pandemic, I now spend quite a bit of money with baby-sitters due to the school closures.
It is hitting me really hard on the finances. I gave them checks that our out of my net income. One baby-sitter is making close to 2k a month with my checks. I cannot sustain this too long.
Can deduct this costs from my taxes in 2020?
2k a month is a good income actually with all this unemployment going on. Do I need to give her a 1099 or some other form so I can deduct this from my expenses? It is easy to deduct this with turbo-tax?
How does it work? Is the 1099 an easy thing to do? I really have no time to hire accounts. I need to figure this out on my own.
thank you!