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This strategy of both saving income tax for 2014 applies to people who have children, and they're paying for childcare, so the childcare deduction is based on the income of the lowest income earner of the family unit so typically husband and wife, and it is also based on the age of the child, so you should know how much your upper limit is what you're allowed to deduct for childcare for each of your children, and you should be getting receipt for your child care so if there is any opportunity to top up that child care about you should be looking for those receipts now you should also of course be negotiating with the childcare provider to make sure you're going to be getting a receipt that you can deduct for income tax purposes, so it's based on the 2014 year if you're going to have childcare over the holidays perhaps you need to make the decision about the best place to get that childcare so did you get receipt
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