Year End Statement Information W10



End of the year receipts will be available by January 31st.  If you your child is withdrawn from Rainbow Academy and you have an outstanding balance, Rainbow Academy reserves the right to withhold your end-of-year receipt until the balance is paid in full.  All outstanding balances owed 30 days after your child is discharged, your account will be turned over to a collection agency. 

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Subsidized Child Care

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For families active in the Child Care Assistance program and have a monthly co-pay: Monthly payments are due the first Monday of the month.  If the daycare is closed the first Monday of the month, then co-payment is due the first subsequent day the daycare is open.  A $30.00 late fee will be added to all unpaid balances not paid by 11:59 pm the first business day of the month.

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Child Care Tax Information

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If you paid a daycare center, babysitter, summer camp, or other care provider to care for a qualifying child under age 13 or a disabled dependent of any age, you may qualify for a tax credit of up to 35 percent of qualifying expenses of $3,000 for one child or dependent, or up to $6,000 for two or more children or dependents.

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