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Fringe benefits of child care discount
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Wife works at a preschool, one of her fringe benefits is a 35%discount for our child's tuition. This amount of benefits totaled about $3600. Total tuition for the year was a little over 10k.3600 in fringe benefits and remainder paid by us. Since we paid income taxes on the discount are we able to claim the entire amount for tuition 10k towards our child care tax credit?

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2 years ago