It’s natural to want the best care for your children and dependents. Fortunately, you can save money on daycare expenses without sacrificing quality. If your employer offers a dependent care FSA plan, ...

If you’ve paid expenses for day care, preschool or another form of caregiving, there’s a tax break you may want to know about. Many, or all, of the products featured on this page are from our ...

With just a few days left to file your taxes, make sure you know how to claim the dependent care credit. Thomas is a native of upstate New York and a graduate of the University at Albany. As a former ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...

Katie Adams is a marketing and public relations professional, as well as a commercial writer with 17+ years of experience. Thomas J Catalano is a CFP and Registered Investment Adviser with the state ...

Dependents must be mainly supported by you and meet specific IRS criteria to qualify. Claiming dependents can lower your tax through credits like Child Tax Credit and EITC. Head of household status, ...