We treat general psychiatric disorders such as depression, panic disorder, anxiety disorder, bipolar disorder, attention deficit disorder, eating disorders, chronic mental illness, substance abuse and other psychiatric disorders.
In general20, you can deduct up to $8,000 annually for each child who is aged six or under at the end of the year, and up to $5,000 for each child aged seven to 15 at any time in the year. This limit is increased to $11,000 annually for each child who is eligible for the disability tax credit (see topic 80). In general, the total deduction cannot exceed two-thirds of the salary or business income of the parent who is required to claim the deduction. However, itâs limited by the actual amounts paid in the year for childcare. 20 For 2014 and prior years, these annual limits were up to $7,000 for children age six or under, up to $4,000 for each child age seven to 15 and up to $10,000 for children eligible for the disability tax credit.
Dependent Care Reimbursement Account. A Dependent Care Reimbursement Account can be used to reimburse for eligible daycare expenses for children age 12 and under or for adult daycare expenses for a disabled spouse or IRS tax dependent. The maximum annual deduction is $5000 (or $2500 if married and filing separately).