Can I deduct my childcare expenses from my taxes?
December 17, 2022 | 40,00 EUR | answered by Christine Witzelmann
Dear Tax Advisor,
My name is Jenny Richter and I am a single mother of two children. I work full-time and my children attend a kindergarten or daycare during the day. The costs of childcare are a significant financial burden for me as a single parent. Now I am wondering if it is possible to deduct these costs from my taxes and thus receive some financial relief.
So far, I have always paid for the childcare expenses myself, without knowing if I can claim these expenses on my taxes. Being already financially strained as a single parent, it would be very helpful to find out if there is a way to deduct childcare costs from my taxes.
My concern is that I may be missing out on money by not deducting the childcare costs from my taxes. It would be very helpful if you could show me possible solutions on how I, as a single mother, can claim childcare costs on my taxes.
I hope for your professional expertise and thank you in advance for your support.
Sincerely,
Jenny Richter
Dear Mrs. Richter,
Thank you for your inquiry regarding the possibility of deducting childcare costs from taxes. As a single mother of two children who works full-time, I understand that childcare costs can be a major financial burden for you. It is important for you to explore your options to receive financial relief.
In general, it is possible to deduct childcare costs from taxes. These costs are treated as special expenses and can be deducted from taxes under certain conditions. It is important to note that the costs are only deductible if they are work-related, meaning that you need childcare in order to pursue your work.
As a single mother, you also have the option to claim the single parent relief amount. Currently, this amount is €1,908 per year and can reduce your tax burden. To claim this amount, you must be solely responsible for at least one child receiving child benefit or child allowance and the child must live in your household.
To deduct childcare costs from taxes, you should collect all receipts and invoices that prove the costs. This includes invoices from the kindergarten or childcare provider. You can then declare these costs in your income tax return and deduct them as special expenses.
It is advisable to seek advice from a tax advisor to ensure that you are taking advantage of all opportunities for tax savings. I am happy to provide you with individual consultation and assist you in claiming childcare costs on your taxes.
I hope this information has been helpful to you and I am available to answer any further questions you may have.
Sincerely,
Christine Witzelmann, Tax Advisor
