When you hire your family members to look after your child, the payments may not be qualified for child care expense deduction. In order for the payments to be tax deductible, the individual who provides the child care services cannot be:
An education amount is available to you if you who are engaged in full-time or part-time post-secondary studies.
You may be eligible for a non-refundable tax credit for the interest you paid on your student loans.
Here is a list of legal fee expense that is not tax deductible:
Here is a list of legal fees that are tax deductible:
To be eligible for a student loan interest tax credit, the interest must be on a loan under:
In the following situations, there are restrictions on the child care expense deduction limits:
If a child lives with both parents, child care expense deduction has to be claimed on the tax return of the lower income spouse. However, the higher income spouse may be able to claim the deduction if the lower income spouse is in the following situations:
Child care expenses are generally considered personal or living expenses. However, some expenses may be tax deductible if they were incurred to allow you or your spouse to earn income from employment or self-employment, to go to school, or to conduct research.
In typical situation, where the child lives with both parents, the child care expense deduction has to be claimed by the lower-income parent (there are exceptions). Here is the maximum amount that can be claimed as a tax deduction: