Get IRS Tax Credits For Childcare Expenses
NannyPod makes getting IRS Tax Credits for your childcare expenses super easy! You can view all of your childcare expenses just by logging into your subscription account online. You can then submit this payment history with your taxes each year to apply for IRS Childcare Tax Credits. We even send you a reminder every January!
Save money on Childcare expenses
Reduce your taxes
No-hassle reporting
Get up to $3000 per child in Childcare Tax Credits for 2021 (IRS rules apply)
NannyPod Childcare Tax Credit Example
A married couple with 2 children books a babysitter at $15/hr for 4 hours ($60) twice per week for 50 weeks.
Total cost is $6000 for 400 hours of babysitting over 50 weeks.
Couple receives $6000 childcare tax credit.
The real cost is now $4800 for 400 hours of babysitting over 50 weeks.
The real rate per hour the family paid is: $4800 / 400 hours = $12/hr
Read the official IRS Child and Dependent Care Tax Credit link here.
During 2021, You can claim up to $3000 in expenses per child, up to age 17. You or your qualified CPA, will need to file IRS form 2441 with your tax return and follow the IRS eligibility rules based on your income and other factors. You will need the NannyPod USA Inc. Tax Id (EIN) # which is 81-3579512. Don’t forget to keep all NannyPod receipts for your tax records!
Families can easily request all of our services online once you are registered and have paid the subscription membership fee.
If you have further questions, please contact:
NannyPod
(843) 819-3840
info@nannypod.com