The end of the school year can bring on some feelings of stress and anxiety for us work-at-home moms. Gone are the productive hours we had while the kids were at school. They are quickly replaced with the non-stop requests for something to eat or drink, the “I’m bored” complaints starting at 9 AM, and the constant requests for more time on their tablets or playing video games.
The benefits of working for yourself and working from home mean that you have the flexibility to take some days off and spend them with your kids doing awesome summer time activities like trips to the park, strawberry picking, afternoons at the pool, trips to the beach, and fun playdates with friends. But the reality is there is still work to get done to ensure that your business doesn’t sink during the summer. Sure you could make up for lost time by putting in some hours when the kids are in bed but wouldn’t you rather spend that time catching up with your husband or binge-watching a show on Netflix?
So what do you do with your kids during the day so that you can get some work done? The answer is summer camp! Sending your kids to a summer camp will allow you to get work done and the cost of the camp is considered a work-related expense for tax purposes.
As a working mom, you could be eligible for a tax credit for the money you spend to send your kids to summer camp. Keep in mind, there are a few rules about the tax credit:
- Your child(ren) must be age 13 and under
- The cost of overnight camp is NOT eligible for the credit
- Camps that specialize in specific skills like soccer, computer, or horseback riding are eligible
- Both parents must be working (or actively looking for work)
You will need some information from the camp that you should keep for your tax return, such as their official name, address, and tax ID. Be sure to keep your receipt in a safe place until it’s time to prepare your tax return.
Don’t feel guilty about sending your kids to a day camp so that you can get some work done. They will have a great time making friends and learning skills while you are doing what you need to do to run your business. Look at summer camp as an investment in your business not as just another household expense.
Disclaimer: While I am a CPA, I am not your CPA. Tax law is complicated and there are some limitations and exceptions to every rule so please consult your CPA to address your specific situation.