Claiming Your Parent as Your Dependent
Some adults may care for their elderly parents and qualify to claim them as a dependent on their tax return. This can provide… Read more
Child Tax Credit
7 Ways Claiming a Dependent Can Lower Your Taxes
There are several federal tax breaks for taxpayers who claim dependents on their return. These breaks can reduce the amount… Read more
All About The Child and Dependent Care Credit
For many working parents, paying for childcare is simply a fact of life. But a portion of those expenses could actually qualify… Read more
Tax Rules for Claiming a Dependent Who Works
When your dependent enters the workforce for the first time, you may find yourself wondering how their employment… Read more
What is a Tax Credit and How Does it Work?
Tax credits are a type of tax benefit that lower your income tax bill and, in some cases, increase your tax refund. There… Read more
Top 5 Tax Breaks for Parents Getting a Degree
If you are raising children and also earning a degree, there are several tax breaks available to you. Here is a quick look… Read more
7 Major Life Events That Affect Your Taxes
Buying a home, having a baby, switching jobs, getting divorced, retiring and other life changes can affect your tax situation.… Read more