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Family

Celebrate Labor Day with 6 Ways to Save on Taxes for New Parents

September 3, 2017 / Elle Martinez

Happy Labor Day weekend! If you are in labor this weekend or were in labor anytime this year you may find that babies not only bring you joy, but they can also bring you bundles of savings come tax time....

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Family

Beneficios Fiscales por Tener Dependientes

April 5, 2017 / TurboTaxBlogTeam

Los niños pueden ser abrumadores cuando están encerrados en la casa durante las vacaciones de primavera o verano, pero también ayudan mucho a ahorrar impuestos cuando usted presenta sus declaraciones de impuestos. Aquí están algunos de los beneficios fiscales por...

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Family

Your New Baby Can Bring You Joy and Savings

February 13, 2017 February 15, 2017 /

Cropped shot of a young mother and her little baby girl at home

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....

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Family

Back to School Savings for Families

August 2, 2016 / Elle Martinez

With another school year starting soon, many families are hitting the stores to go back to school shopping. Before you head out the door or go online, make sure you are armed with two basics things: a list of what you need...

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Family

Happy National Parents Day! Tax Benefits to Help Parents Save Money

July 22, 2016 / Jim Wang

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Did you know July 24 is National Parents Day? It falls on the 4th Sunday each July, and was established by the US government in 1994, as a way of “recognizing, uplifting, and supporting the role of parents in the rearing...

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Family

What is the Personal Exemption?

February 23, 2016 / Ginita Wall, CPA, CFP®

A personal exemption is a threshold of income that is not taxable to you, and it is subtracted from your total income in computing the amount that is taxable. One personal exemption is allowed for you and everyone in your...

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Family

National Wedding Month: Tax Tips for Your New Marital Status

February 12, 2016 / Elle Martinez

Congratulations to all you newlyweds! With this new chapter, many opportunities will begin open up as the two of you work together on your dreams. While not as exciting as planning your lives together, filing your taxes jointly can be a way...

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Family

TurboTax Dependents Credits and Deductions Calculator

January 27, 2016 October 5, 2017 /

Questions about dependents are one of the top questions taxpayers have. With the TurboTax Dependents Credits & Deductions Calculator, just answer a few simple questions about your kids and you’ll find out if you can claim them and what dependent credits...

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Family

School’s Out for the Holidays! How Holiday Daycare Can Save You on Your Taxes

December 17, 2015 September 7, 2017 / Jim Wang

The holidays are usually a welcome time of year… unless you have children and need someone to watch them! If you have pre-school aged children, your regular care will be just fine. But if they’re between five and 12, where...

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Family

Welcoming a New Addition? Tax Deductions Available When Adopting

November 19, 2015 September 7, 2017 / Jim Wang

Asian father, feeding milk to a 10-day-old newborn baby girl

Adoption can be an incredibly expensive, but an incredibly rewarding, undertaking. Fortunately, the IRS offers two tax breaks for adoption and each is quite generous. You can take either the adoption credit, which will result in a direct reduction of...

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