There are no words that can describe the feeling of becoming new parents. The happiness a new baby brings into a family is a wonderful thing. However, the cost of having a child can be a shock to new parents. Here’s more about those tax benefits and how you might qualify.
It was the answer my parents had to the age old question: What do I do with my kids? If you have kids, this might be something you’re struggling with. This is especially important if you are a parent that works or you are deciding whether to enter the work world in the summer. One way that you can improve your peace of mind — and possibly even save money — is by sending your child to a day camp. Full story
As the extension deadline is coming up, don’t feel like you have to rush through your paperwork. There are many reasons you want to review everything to help you with taxes. If you are a parent, having a little one (or not so little one), can give you some big tax benefits. You may already know you can deduct $3,700 for each dependent as an exemption on your tax return. However there are a couple more tax credits that all parents should review to save more on your taxes. Full story
Whew! Summer is almost over and it’s back-to-school time for many. I can hear the cries of joy from so many parents. Not only is it challenging to think of ways to keep them busy, but the costs of activities can break the bank. Check out our infographic on how much Americans spend sending their kiddies off to Amusement Parks during the summer.
The first day of summer ( Summer Solstice) is June 20th, and with it, comes weeks away from the daily grind. Of course, summer vacation is just a myth for American adults. As for parents, they must prepare for challenge number one: keeping their children busy without breaking the bank. Fortunately, there are ways to send kids to summer camp and receive a tax savings. Find out more here. Full story
Both deductions and credits reduce how much tax you pay, but how both impact your taxes is quite different. Find out how they are different and find out about the different tax credits available at tax time. Full story
A potential tax credit that can trim your tax liability next April. Properly claimed, the Child & Dependent Care Credit could equate to considerable tax savings. Full story
Your beautiful baby has arrived. The house is childproofed, and you’ve got the pediatrician’s phone number posted on the fridge. But physical safety is just part of the challenge. You also need a game plan that will keep your growing family financially safe. Full story
Who thought that a tax deduction could ever be so cute? Check out the winner of America’s Cutest Last-Minute Tax Deduction contest. Full story
With unemployment above 10%, the president is looking for more ways to stimulate the economy with tax cuts, especially for middle class families who feel the pinch. The vice president’s Middle Class Task Force unveiled proposals this week to address the needs of those middle class families. Full story