The cost of child care can quickly increase, but part of the costs is reimbursed. Parents can benefit from a tax credit, provided they declare it well.
Having your child to keep it is often essential to be able to work … but also a real headliner side. Between the crèche, the childminder or home care, the costs accumulate quickly. Fortunately, part of these expenses can be recovered thanks to the Tax credit for childcare costs. Here is what you need to know to benefit from it.
If you keep your child under 6 years of age by an approved childminder, in crèche or at home, you can benefit from a tax credit. Just declare these costs in your income tax return, by deducting the aids received by CAFespecially for the complement of the daycare (CMG). In the tax return, if your child is exclusive, these costs are to be added in The 7GA, 7GB, 7GC boxes of the 2042 RICI. In the event of alternate residence, they must be indicated in The 7GE, 7GF, 7GG boxes of the 2042 RICIspecifies the tax site. Note that it is important to be able to justify your expenses with supporting documents if the tax authorities control you.
What are the conditions for affecting the tax credit tax credit?
The tax credit amounts to 50% of expenses devoted to the care of young children,, Excluding food costs and after deduction of family aid. It is intended for parents with one or more dependent children, but also for grandparents whose grandchildren are attached to their tax household. Several conditions must be met to obtain it:
- The child must be under 6 years old The 1er January of the tax year
- The child must be the responsibility of the parent or the grandparent
- The child must be kept by maternal assistance or a reception establishment for young children (crèche, daycare, etc.)
What are the ceilings of the childcare tax credit?
Expenses taken into account include social wages and contributions paid to the maternal assistant. For childcare costs to be declared, The ceiling is 3500 euros maximum per child kept (aged under 6), which opens the right to a tax credit in the amount of 1,750 euros at most. For childcare costs to be declared In the event of alternate residence, the ceiling is 1750 euroswith a tax credit of 875 euros to the maximum.
Until what age can we benefit from the tax credit for childcare costs?
The tax credit for childcare costs concerns the parents of a child under the age of 6 on January 1 of the taxation year. Beyond that, if the child is over 6 years old, childcare costs are no longer eligible for this tax advantage.
When is the tax credit paid?
Childcare costs are reimbursed during the year. First of all, a 60% lead is paid to parents in January, “Depending on the amount of the tax credit received the previous year”, Indicates the public service site. After which, the rest of the balance is paid during the summer, and is calculated according to your real expenses. “If you touch a too large deposit in January, you will have to reimburse the overpayment in September.”
How does the immediate advance of the tax credit work?
Parents of children over 6 years old who keep their children at home can benefit from the immediate advance of the tax credit. Families, whether or not they are subject to income tax, may be reimbursed as soon as the service is invoiced to the service company to individuals.
Can we benefit from the tax credit if the child is kept in the leisure center?
Yes ! Whether your child is welcomed in the morning, in the evening or on Wednesdays, know that The costs related to leisure centers give the same tax credit.
- I keep my young child outside the home. What can I deduce? Taxes.gouv.fr site: https://www.impots.gouv.fr/particulier/questions/je-fais-garder-monfant-lexterieur-du-domicile-que-puis-u-déduite#:~:Text=les%20frais%20de%20Garde%20Engag%C3%A9s,7GG%20DE%20la%202042%20rici.
- Income tax – childcare costs outside the home (tax credit). Service-public.fr site: https://www.service-public.fr/particuliers/vosdroits/f8