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LAKEWOOD CHILDRENS CENTRE INC. PARENTS POLICYFACILITY NUMBER 3005Revised August 2021LAKEWOOD CHILDRENS CENTRE VISION STATEMENTOur Board, staff, and families will work together to provide a safe, nurturing
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Part 2 child care refers to a specific section of guidelines or regulations related to the reporting and documentation of child care expenses for tax purposes.
Individuals who claim child care expenses on their tax returns, typically parents or guardians who utilize child care services for their dependents, are required to file part 2 child care.
To fill out part 2 child care, individuals must provide detailed information about child care expenses incurred, including the names and addresses of providers, the amount spent, and the dates of care. Instructions can often be found on tax forms or official IRS guidelines.
The purpose of part 2 child care is to ensure that taxpayers accurately report child care expenses in order to claim applicable tax credits or deductions, thereby reducing their overall tax liability.
The information that must be reported includes the names, addresses, and taxpayer identification numbers of the child care providers, the total amount paid for child care, and the number of qualifying children.
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