Tax Deductions and Credits Happy Summer Solstice! 4 Ways to Save This Season Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxBlogTeam Published Jun 21, 2023 2 min read Reviewed by Katharina Reekmans, Enrolled Agent Summer has started! Thoughts of vivid sunsets, theme parks, beach days, and weekend getaways come to mind. All of these activities can take a toll on your bank account, but remember that you don’t have to break your budget to enjoy the sunshine! To point you in the right direction, here are some financially savvy ways to help you save money throughout the rest of the season. Enjoy the great outdoors: Enjoy nature’s bounty by taking a hike, planning a beach trip, or simply having a picnic at your local park. Sometimes we forget about our surroundings and all that they offer. Most national parks, beaches, and local parks are free to the public for visitation. Take your time to unwind and relax with friends and family as you catch those extended hours of sunlight. Host a potluck: Nothing says summer like a backyard BBQ or family cookout. Hosting your family and inviting them to a potluck is a great way to save while creating memories among great company. Not only will you save on cooking time, but you will also have an assortment of homemade food to enjoy once the party’s started. Ditch the hotel: While hotels are obviously a popular choice for vacations, you may want to expand your horizons for your next family vacation. Whether it’s driving to your local campsite or using sites like Airbnb, there are many options that can help you find more affordable homes and spaces during your next trip. Take advantage of summer deductions: The Child and Dependent Care Tax Credit can be applied to summer camp expenses; however, keep in mind that it is subject to certain restrictions. For example, to qualify for the deduction, the camp must be a day camp only and your child must be under the age of 13 at the end of the tax year. Don’t worry about knowing these tax rules. Meet with a TurboTax Full Service Expert who can prepare, sign and file your taxes, so you can be 100% confident your taxes are done right. Start TurboTax Live Full Service today, in English or Spanish, and get your taxes done and off your mind. File now What are your plans for summer? Share with us the ways you’re cutting costs! Previous Post Tax Implications for Taxpayers Who Have Lost a Spouse Next Post The Tax Free Life – Duty-Free Shopping Tips for Travelers Written by TurboTaxBlogTeam More from TurboTaxBlogTeam Leave a ReplyCancel reply Browse Related Articles Crypto Understanding Crypto and Capital Gains Work 7 Things You Need to Know About the New Business Report… Work Using Form 8829 to Write-Off Business Use of Your Home Tax Tips Roth 403(b) vs. Roth IRA: Which Should You Invest In? Life Interest Rates, Inflation, and Your Taxes Investments Essential Tax Tips for Maximizing Investment Gains Uncategorized TurboTax is Partnering with Saweetie to Elevate Hoop Dr… Business Small Business Owners: Optimize Your Taxes with a Mid-Y… Small Business The Benefits of Employing Your Children and the Tax Bre… Income and Investments Are Olympics Winnings Taxed?