I have a question about claiming childcare expenses. If I lack a receipt for childcare expenses, what amount of expenses am I still able to claim without causing tax verification issues?
You need to be able to verify childcare expenses in case of an audit. If you don’t have proof that you paid these expenses, you can’t claim the credit.
You don’t have to bring the receipts to your tax pro or mail them with your return. Just keep them with your personal records for at least three years.
Related Resources
What is a CPA, and how can one help you with preparing your taxes? Understand the role of a certified public accountant with the experts at H&R Block.
Learn whether funeral expenses are deductible on your taxes with advice from the tax experts at H&R Block.
Not sure if you qualify for nonresident alien tax status? Review criteria from the experts at H&R Block to determine your status.
Learn more about the components of the general business tax credit and get tax answers at H&R Block.
