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This includes child care for children under the age of 13 and day care for an individual of any age who is incapable of self-care, lives with the taxpayer for more than one-half of the tax year, and is either the taxpayer's spouse or dependent. [13] [14] The FSA can be used to pay for day camps for an eligible individual but not overnight camps.
Child care assistance helps families succeed financially. [1] When families receive child care assistance they are more likely to be employed and to have higher earnings. Approximately 1.8 million children [2] receive CCDBG-funded child care in an average month. Yet, only one in seven eligible children receives child care assistance. [3]
In May 2005, day care members overwhelmingly voted to ratify a new contract. The contract offered members $1,200 upon ratification, and a 14.5 percent raise over the length of the deal, which expired June 30, 2006. It also added tens of thousands of dollars a year to the CSA Day Care Welfare Fund.
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Reimbursement is the act of compensating someone for an out-of-pocket expense by giving them an amount of money equal to what was spent. [1]Companies, governments and nonprofit organizations may compensate their employees or officers for necessary and reasonable expenses; under US [2] [3] law, these expenses may be deducted from taxes by the organization and treated as untaxed income for the ...