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Sending your kids to day camp may provide a tax break

Sending your kids to day camp may provide a tax break

by Capocore Professonal Advisors | May 22, 2018 | Individual Tax Brief

When school lets out, kids participate in a wide variety of summer activities. If one of the activities your child is involved with is day camp, you might be eligible for a tax credit! Here are some dollar-for-dollar savings. Day camp (but not overnight camp) is a...
Can you claim your elderly parent as a dependent on your tax return?

Can you claim your elderly parent as a dependent on your tax return?

by Capocore Professonal Advisors | Mar 27, 2018 | Individual Tax Brief

Perhaps. It depends on several factors, such as your parent’s income and how much financial support you provided. If you qualify for the adult-dependent exemption on your 2017 income tax return, you can deduct up to $4,050 per qualifying adult dependent. However, for...
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Capocore Professional Advisors - 46 W. Shadbolt Ste A Lake Orion, Michigan 48362