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Does anyone know what the federal allowable childcare expense is?

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    Does anyone know what the federal allowable childcare expense is?

    Just trying to figure that out but can't find it
    8/5/08 - Filed Chapter 7
    9/10/08 - 341 Meeting - It went great
    11/10/08 - Last day for Objections
    11/12/08 - Discharged & Closed!

    #2
    I don 't think there is an IRS established number for child care. I suppose it might be under MISC according to them but that's to low. You might could compare what you spend to other cases in your area and see where you fall.
    May 31st, 2007: Petition Filed by my lawyer
    July 2nd, 2007: 341 Meeting Held
    September 4th, 2007: Discharged and Closed.

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      #3
      I know my one child who is two yrs old is 670 a month it was close to 900 when she was an infant. Im in florida fyi..
      04/25/08 Filed chap 7
      05/23/08 phone conference with trustee
      05/30/08 341 set
      07/29/08 Last day for objections

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        #4
        I don't think their is an IRS standard for child care. I think child care is one of those expenses that you simply put down your actuall expense and that is what you are allowed assuming it's not outrageous.

        gymbofreak - I know alot of people around here who pay close to that. I got very blessed and found a great home daycare that takes my two kids (5 and 2) for around 700 a month. However, I know that most of my friends pay that for just one kid. I'm in South Dakota.
        Filed: 10/26/2006
        Discharged: 03/05/2007
        Closed: 5/19/2008 - Asset case due to balance transfer and income tax refund

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          #5
          I used to pay 1000$ for 2 kids, but that was years ago. I am sure it is a lot more now.

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            #6
            I'm paying $1400 a month. I have a 3 year old and a 3 month old.
            8/5/08 - Filed Chapter 7
            9/10/08 - 341 Meeting - It went great
            11/10/08 - Last day for Objections
            11/12/08 - Discharged & Closed!

            Comment

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