Determine the maximum deduction for child care costs

Reference no: EM133372785

Question: Mr. And Mrs. Claus haye two children. The ages of the children are 1 and 8. All the children are in good mental and physical health. During the Current year, Mr. Claus has net employment income of $5200, after the deduction of employment expenses of $6,000. Mrs. Claus has net business income during this period of $80,000, after deducting business expenses oF $15,000. The child care costs for the current year, all properly documented for tax purposes, are $29000. Determine the maximum deduction for child care costs that Mr. Claus should claim.

Reference no: EM133372785

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