Cartoon Guy Holding Stack Of Books

Dependent Care Plan

ABC Blocks

An expenditure which an income tax payer may subtract from gross (total) income to determine taxable income. this is not the same as an exemption, which is for one’s marital status, age over 65, blindness and number of dependents (e.g. children), which, added together, reduce the tax owed.

Was This Term Helpful?

0 out of 0 found this helpful

Still got a question or concern?

Click here to contact us or go back to the main Glossary page.