posted Jul 1, 2012, 6:41 PM by Patty Langlois
The cost of sending a child to a day camp, even one specializing in a particular activity such as computers or soccer, may qualify as a work-related child care expense eligible for the child and dependent care credit. However, the cost of an overnight camp is not considered a work-related expense.
Low-Income Housing Limits to be Waived for Colorado Disaster Victims
The Internal Revenue Service announced that it is waiving certain limitations for projects financed with low-income housing tax credits or exempt facility bonds so that owners and operators of these facilities anywhere in the nation can provide housing to victims of severe storms, flooding, landslides, and mudslides in Colorado that began Sept 11, 2013.
Because of the widespread devastation to housing caused by storms and flooding, the IRS will temporarily suspend certain limitations for qualified low-income housing projects that house people displaced by the storms and flooding.
Per the IRS, the action will expand the availability of housing for disaster victims and their families.