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June 1, 2019
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Is it possible to deduct child care expenses required while running a self employed business?

  • June 1, 2019
  • 1 reply
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Best answer by MinhT1

You can claim the child care credit if you are self-employed and have a self-employment profit.

If your self-employment results in a loss on Schedule C, you are considered as not having earned income and cannot claim the child care credit.

1 reply

MinhT1Answer
June 1, 2019

You can claim the child care credit if you are self-employed and have a self-employment profit.

If your self-employment results in a loss on Schedule C, you are considered as not having earned income and cannot claim the child care credit.

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