There are two different education credits and one tuition deduction. Your tax preparer can compare the three and tell you which you are eligible for (it is possible to be eliglble for all three, but you can only take one) and which gives you the most benefit. It will depend on your husband's standing (if it is undergraduate education, is he considered a freshman or sophomore, etc.). The credits are phased out if your income is too high (phasing out begins at $82,000 for MFJ and no credit is available if you made over $102,000). The tuition and fees deduction is still available if you aren't eliglble for the credits. Wow that was a lot of information. Just bring the totals that you paid for TUITION, BOOKS, and FEES. Also, they will need to know if you received any scholarships or grants to help pay.
Medical expenses are only deductable if you itemize (which, in my experience, you will GENERALLY only do if you have mortgage interest -- that is what tends to bring your deductions above the standard deduction). Med expenses are only deductable over 7.5% of your total Adjusted Gross Income. Take the amount you earned, multiply by 7.5%. Any expenses AVOVE that number are deductable. Unfortunately, you need a rather large medical bill to take that deduction. Just bring the total you spent this year on doctors, dentists, eye glasses, medical insurance, etc.
For day-camp and day-care, bring the EIN number, address of the facility, and total amount you paid per child.
Whew! Hope I covered it all. If anything else occurs to me today while I'm at work, I'll post again this evening. Good luck!
