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WCI #403: Exploring Taxes with a Friend of WCI

White Coat Investor Podcast

CHAPTER

Tax Implications of Childcare Hiring

This chapter explores the tax implications of hiring childcare services, particularly nannies and aftercare options. It covers allowable deductions, the child independent care tax credit, and the complexities of employment thresholds, while also emphasizing the need for compliance with tax rules when hiring household help.

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