Child Care Policies. Joanne Abbawi Shabnam Dastyar Noushin Eskandari Jasmine Malachias Lev Osipian . Child Care Expense Deduction. Objective- helps parents reduce their income tax associated with child care costs incurred while at work or in school. What defines child care expense?
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Shabnam Dastyar Noushin Eskandari
Jasmine Malachias Lev Osipian
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- Choosing type of child care service
$37,000 (tax rate 24%) tax savings = $1,708
$80,000 (tax rate 40%) tax savings = $2,800