The TurboTax Blog • Family

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Saving for Your Kids: Better than a Piggy Bank

June 14, 2013 June 10, 2019 / Elle Martinez

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.

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Summer Day Camp May Give You Peace of Mind and Save You Money

June 5, 2013 June 10, 2019 / Jim Wang

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.

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6 Tax Tips for Military Personnel

March 3, 2013 June 10, 2019 / asbbaines

If you or your spouse served in the Military in 2012, you should know that there are some provisions in the tax code that will help you save some money.

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What is a Dependent? [Motion Graphic]

February 12, 2013

“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.

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Life Events Series: How Having a Baby Can Save You Money on Your Taxes

January 1, 2013 June 10, 2019 / Philip Taylor

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.

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Extension Filers Don’t Forget Your Little Bundle Can Save You a Bundle

October 14, 2012 June 10, 2019 / Elle Martinez

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.

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Creating a Baby Fund for Your New Arrival

September 10, 2012 June 12, 2019 / Elle Martinez

Becoming parents for the first time last year has been the biggest change in our lives. One of the first decisions we made when confirming the big news was starting a baby fund for our little one and our family. If you want to create a baby fund you need to figure out how much you want to save up. Here are some baby related expenses to consider when calculating the amount that is right for you.

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Tax Tips for Newlyweds

September 4, 2012 June 10, 2019 / Elle Martinez

Congratulations to all of the summer newlyweds! As you start your new lives together I wanted to offer some financial tips that helped us when we first got married as well as a few items I wish we learned sooner. Hopefully it’ll help you build your finances together.

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First Day of Summer (Summer Solstice): Summer Camp Can be Fun and a Tax Savings

June 19, 2012 July 22, 2019 / asbbaines

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.

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