Qualifying expenses for Dependent Care Tax Credit

[much ado]

My wife and I have a 2 year old who goes to daycare at the YMCA. They charge $150/week for members (the child being a member, which requires a parent to be a member – they do not allow children under 10 to have their own membership) and $180/week for non-members. Membership is $41/month for an adult, plus $15/month for a child. So, I’m spending $56/month for memberships to save $120/month in daycare, so it’s definitely worth it.

My question is, I only have ~$7050 ($150*47 weeks) in daycare costs. I would like to take advantage of the whole $8000 costs allowed in the new Dependent Care Credit. Would these memberships be considered childcare costs? I only have the membership (and my 2 year old certainly does) because of the reduced daycare rate.

I think SeattleCyclone, MDM, etc usually weigh in on these type questions, and I fanboy pretty hard when they do. If someone can send up a batsignal, I'm not sure how to.

Thanks,
Cody

[MDM]

Pub. 503 goes into some detail on this.  Unfortunately it appears you only get to claim the separable amount paid for child care.  But that is from a quick read - you might read more carefully. ;)

Does the YMCA provide documentation to you on the childcare cost incurred?  If so, that number would be the default....