Tag Archives: Childcare tax deductions

© Ekaterina Pokrovsky | Dreamstime.com Switzerland’s Federal Council, or cabinet, plans to increase the maximum annual deduction for child care costs to CHF 25,000 per child, up from CHF 12,100. This would allow parents to deduct up to this amount from their income for federal tax purposes but would not affect canton and commune taxes. Deductions could not exceed the amount spent. The plan aims to encourage more parents...

Switzerland’s Federal Council, or cabinet, plans to increase the maximum annual deduction for child care costs to CHF 25,000 per child, up from CHF 12,100. © Ekaterina Pokrovsky | Dreamstime.com This would allow parents to deduct up to this amount from their income for federal tax purposes but would not affect canton and commune taxes. Deductions could not exceed the amount spent. The plan aims to encourage more parents to work, particularly highly qualified parents. Some parts of the Swiss...