Do you remember your first bank account? I'll admit, my recollection is hazy. I probably wasn't older than 10 or 11, and I didn't do...
Raising a child isn’t cheap. Fortunately, there are several parental tax deductions and credits available to those with dependent children. One of them, the child tax credit, doesn’t require parents to cover any particular costs. Here’s how you claim this valuable credit and how much it’s worth.
Don’t hole up indoors in the winter. There are lots of benefits of spending time in nature, even in the cold months. Try these fun outdoor activities to boost your mood and your health when the days are dark and short.
If you pay for day care, you may be eligible for a tax credit to offset some of your federal income tax bill. It applies to certain children under the age of 13, as well as any child, spouse, or other dependent who is physically or mentally unable to care for themselves. Learn more here.
Claiming a dependent can be worth several thousand dollars. Plus, several of the tax credits available to taxpayers with qualified dependents are refundable, meaning they don’t just offset the tax you owe, but they can also increase your refund. Can you claim a dependent? Read on to find out.
Kids are the most fun to buy holiday gifts for. Sharing their delight reinvigorates our joy for the holiday. But if you don’t live with the child you’re buying for, it can be challenging. And even Santa’s not a mind-reader. Luckily, there are loads of expert- and kid-approved picks for every age.
Raising a family is expensive. Fortunately, there are plenty of child-related tax deductions, credits, and planning strategies that can help reduce your bill come tax time. Learn all about them here.
It’s beginning to look like COVID-19 will finally do what the Grinch couldn’t: stop us from celebrating Christmas with our friends and family members. But it doesn’t have to. With a little creativity, you can make this holiday season memorable without putting yourself or your loved ones at risk.
Filing your income taxes with the most beneficial status can result in a significantly larger refund – or less money due to the IRS. And for single parents, every penny counts. As a single parent, you may be able to file as single or head of household. Here’s how to know which one applies to you.
Following a complicated divorce, filing taxes sometimes becomes even more complex than when you filed as a couple. Here are some of the issues you need to consider when filing your taxes after a divorce.
Your children face different rules for determining whether they need to file a federal income tax return. However, unlike adult taxpayers, children have some flexibility in choosing how to report their income. Here are the key points you need to know when helping your children file taxes.
Most people think of Thanksgiving as a food holiday. But Thanksgiving is really about gathering with family and friends to enjoy time together and share our gratitude for one another. These fun crafts and activities will keep little ones and grown-ups alike occupied, connected, and grateful.