This tax credit will help offset your childcare costs — if you’re honest with the IRS

This tax credit will help offset your childcare costs — if you’re honest with the IRS

Catherine Delahaye

If you want a tax credit for paying your nanny, you’ll have to get right with the IRS first.

Hiring a caregiver for one infant child costs an average of $596 per week, according to data from Care.com. On a monthly basis, the payment is on par with many mortgages: $2,384.

Moreover, in 30 states and Washington, D.C., the annual cost of sending an infant to a childcare…

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