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Sending your kids to summer camp is much like handing your best friend your wallet and putting her on a plane Vegas.

She's going to have a blast and odds are good, you'll be broke when she's done.

But what's a working parent to do in the summer? We have no choice but to pony up tons of cash for the day camp du jour so we can get to work.

Well the good news is Uncle Sam actually has some empathy for you and offers a credit, called the child and dependent care credit, so that you can get back some of the money you've spent.

But married couples -- If one of you stays home with kids and you still decide to send them to day camp, you won't qualify for this credit -- (Much like your friend poured everything you gave her down a slot machine and lost.)

So presuming you both work, or you're a single parent that works, you can try to recoup some of those childcare costs.

First -- Your Child Must Be Under 13 -- for the whole year -- and Your Dependent.

Second -- You Can Deduct Any Day Camp, But Not Sleepaway

So start tallying the costs of all the day camps your kids attended this summer. That includes sports, science, computer camps, etc - but sleepaway doesn't count.

Then as long as your adjusted gross income is between $100,000 and $200,000 annually you can take advantage...

Families with children can receive a maximum of $1,050 annually for one child and $2,100 annually for two or more children.

The credit is based on a percentage of your total expenses but its work doing the math

So complete Form 2441: Child and Dependent Care Expenses

You'll need the camp or daycare's Employer Identification Number, full name and address.

Big Note: Your W-2, Box 10 will show the amount of child and dependent care benefits your employer paid during the year. But you can't use them as part of your credit. So be sure to subtract them from your total or just leave them out.

We all love our kids, but some days, it feels like it actually would be cheaper to go to Vegas!

Sending your kids to summer camp is much like handing your best friend your wallet and putting her on a plane Vegas.

She's going to have a blast and odds are good, you'll be broke when she's done.

But what's a working parent to do in the summer? We have no choice but to pony up tons of cash for the day camp du jour so we can get to work.

Well the good news is Uncle Sam actually has some empathy for you and offers a credit, called the child and dependent care credit, so that you can get back some of the money you've spent.

But married couples -- pay attention.  If one of you stays home with kids and you still decide to send them to day camp, you won't qualify for this credit.  (Which is much akin to your friend pouring everything you gave her down a slot machine and losing.)

So presuming you both work, or you're a single parent that works, you can try to recoup some of those childcare costs.

You'll need to complete Form 2441: Child and Dependent Care Expenses so watch the video above to find out exactly who qualifies and how much you can get back.