Got family? Then you might have tax deductions as well. For each dependent you can claim, you can deduct $3,900 from your federal taxable income, which is likely to reduce your taxes. Full story
It’s summer, and the kids are underfoot. But when you are feeling exasperated, just remember what valuable tax benefits they will qualify you for next year when you file your tax return. Full story
Becoming parents has been the biggest joyful change in our lives. While she’s still young, there are plenty of things we are doing to teach her and help her with, including finances. As I mentioned before, you can start early with getting your children to be super savers. Full story
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
Becoming parents has changed our lives for the better, financially and otherwise. Even though she’s tiny now, we’re imagining how she’ll grow in the years to come. For example, one of the goals we have is to have our little one be financially savvy with her money when it comes time for her to move out of our home. Here are some ways parents have successfully gotten their kids into saving their money.
Parents who are lucky enough to bring a new bundle of joy into the world can expect to spend between $200,000 and $500,000 before their child even makes it to college. Whew! Don’t forget to take advantage of tax breaks for your children when you file your taxes. Our infographic breaks down the different expenses involved with raising a child and looks at the total costs from birth to age 17. Full story
Kids can be overwhelming when they are cooped up in the house in the wintertime, but they are also blessed tax-savers when you file your tax return this time of year. Here are some of the tax benefits for having children and other dependents. Full story
“What or Who is my Dependent?”, continues to be the most asked questions every tax season and with dependents helping you qualify for tax breaks we see why you’re asking. You may be wondering, “can I claim my mother, brother, girlfriend, cat?” Here is our motion graphic to help you. Full story
There are few, if any, joys in life that can be compared to the birth of your child. Yet, in the middle of such happiness, someone always seems to tell you how expensive a child will be in the 18 years that you’ll be responsible for them.
Luckily, children can actually save you a pretty substantial amount of money – on your taxes. Here are some of the ways you can save. 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