childcare cost deduction limit 2015
Child Care Costs Deduction Example for 2014 Tax Year. The allowable deduction is the lesser of $15,000, $20,000 and $16,000, so is $15,000 ($16,000 for 2015 - lesser of $18,000, $20,000 and $16,000). When using tax software, make sure that you input the full amount of the child care costs for each child.