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Vermont online Form 4562: What You Should Know

CR-039, Child Care Cost Amortization (PDF) The CR-039 helps determine whether you had to make an election and whether your employer must include you in the business income reporting. CR-054, Deductions for Child Care Costs β€” (This can be used alone or with the CR-039 and the CR-039P) The DEDUCE provides deductions for your total child care expenses, such as a home visit, health and dental insurance and daycare for 4-year-olds and 8-year-old children during a school year (1/22/18-1/31/19). CR-053, Miscellaneous Deductions for Child Care β€” (This can be used alone or with this information) The DEDUCE provides deductions for the child care costs of your home. CR-054, Deductions β€” (This can be used alone or with this information) The DEDUCE provides deductions for all your expenses for child care, including: Child care costs (such as daycare per week, transportation per week, and medical insurance) Home, furniture and home furnishings if needed for child care Household meals, snacks, snacks and cleaning expenses, including special clothing Carpool driver All the DEDUCE provides deductions and is part of the DEDUCE program. CR-052, Miscellaneous Deductions -- Home, Furniture and Home Furnishings (This contains ALL DEDUCE expenses including transportation, meals, snacks, snacks, cleaning, supplies, medical expenses, transportation costs) β€” (This can be used alone or with CR-054 and CR-050) The DEDUCE provides a deduction for you and your family's home. If you use a rental home to have your children in care, or if you use a rental home to commute between home and school for your children, these expenses are deductible. CR-050, Deductions for Child Care Costs β€” (This can be used alone or with the CR-053 and CR-050) Note β€” For the 2024 & 2024 tax years, it is important to know these are the child care expenses for 4-, 8- and 12-year-olds (for purposes of the DEDUCE, which includes 4- and 8-year-olds, you must also have a 1-year-old child in care for the year).

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