Question

For child care expenses...if you pay part of the expense in 2021 for care in 2022 what year do you claim it on taxes?

Forum|Forum|4 years ago
February 2, 2022
1 reply
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Deposits needed to placed to hold a spot for child care months in advance. Deposits were paid in 2021 should I claim those now or wait until the 2022 tax year when the care actually took place

TurboTax Deluxe Online

M

MAK70

You will claim in 2022. Per IRS:

If you pay for services before they are provided, you can count the prepaid expenses only in the year the care is received. Claim the expenses for the later year as if they were actually paid in that later year.