What Are Child Care Tax Breaks?

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The federal government wants us to work, not to sit idly at home, by providing us incentives, even in the form of child care tax breaks. Nonetheless, like any other bureaucratic legislation, this tax break comes with complexities and imponderables. Let us simplify this rather complicated yet useful tax incentive through explanations and examples.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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