daycare is not cheap. daycare is so costly, as we all know as parents. in this case, you get $3,000 for each child under the age of 13 for 6,000 for two kids and preteens. you should get in there. it s the child independent care credit. you should get in there and get that. you re paying an astronomical amount for these fees that you pay out to the daycare. gretchen: tax blessing number 4, education expenses. i think somebody was calculating, maybe my accountant, college could cost as much as 75, $80,000 a year by the time my kids get there. per year, like your accountant said. that s unbelievable. so you should go ahead and there is a few things when you talk about taxes that you can do. so the american opportunity credit, that s worth up to $2,500 and it s for the first four years of education. you have the lifetime learning credit which by the way, credits are great rather than deductions and such because credits cut your tax bill dollar