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klaus-libertus
November 26, 2019
Question

What do I do with dependent care expenses that I pay THIS year but are for NEXT year? Do I file them THIS year or NEXT year? (Example: Paying for a Spring camp in Dec).

  • November 26, 2019
  • 2 replies
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2 replies

rjs
rjs
Employee
November 26, 2019

You claim the prepaid expenses next year. The following is from IRS Publication 503.


"Expenses prepaid in an earlier year. 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."

    A
    Anonymous
    November 26, 2019

    and be sure to read Pub 503 for what expenses qualify.  for example summer camp qualifies only if it is day camp.  overnight camp doesn't.  

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