Tax credit for your children for arts programs
There is new credit for your children for arts programs this year that allows you to deduct $500.00 for any arts related programs. Make sure you get a receipt for music lessons, dance lessons, and any other programs your kids in.
This is in addition to the $500 that is available for fitness related activities.
That is $1000 total for each child for fitness and arts related programs. The credit is 15% of $1000 or $150 in tax savings.
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