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4 Things You Should Know About Dependents Before Tax Time

November 8, 2017 July 23, 2019 / TurboTaxLisa

The article below is up to date based on the latest tax laws. It is accurate for your 2017 taxes, which you will file by the April 2018 deadline. Learn more about tax reform here. We all know that supporting a...

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Family

Can I Write Off My Grandparent as a Dependent?

September 10, 2017 July 23, 2019 / Ginita Wall, CPA, CFP®

Mothers Day and Fathers Day have come and gone, and this week we get the granddaddy of them all: it’s National Grandparents Day! That’s worth celebrating – after all, where would any of us be without them? Making it through...

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Family

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

September 3, 2017 June 5, 2019 / 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 June 12, 2019 / asbbaines

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.

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Family

Back to School Savings for Families

August 2, 2016 July 18, 2019 / Elle Martinez

With another school year starting later this month, many families are going back to school shopping now. I wanted to share some ways you can save on your back to school shopping.

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Family

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

July 22, 2016 July 11, 2019 / Jim Wang

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 June 12, 2019 / 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 July 11, 2019 / 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 July 18, 2019 / asbbaines

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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