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Child Tax Credits

Is Daycare Tax Deductible? Here’s What You Should Know in 2025

Daycare expenses can be a major cost for working parents, but the good news is, they may help reduce your taxes. Certain childcare costs are…


Tax Benefits of Marriage: How Tying the Knot Can Lower Your Tax Bill

Marriage is often viewed as a romantic and personal milestone, but it also comes with financial implications—especially when it comes to taxes. For American couples,…


Babies And Tax Returns: A Real (If Unlikely) Pair

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Babies_and_Income_Tax_Returns1.mp4"][/video] The IRS doesn’t discriminate on the basis of age, not even babies. It’s one of those things that sound funny but…


How Much Does a Dependent Reduce Your Taxes?

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/dependent-reduce-taxes.mp4"][/video] Dependents can bring significant tax savings for you, but you have to make sure they qualify for it, so don’t go…


Claiming Dependents On Taxes: A Complete Guide

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2021/12/Tax_Benefits_of_Claiming_Dependents.mp4"][/video] What is Claiming Dependents on Taxes? For tax purposes, a dependent is anyone who relies on you for financial support and…


Earned Income Tax Credit (EITC): How To Qualify & File

Overview of the Earned Income Tax Credit (EITC) The Earned Income Tax Credit (EITC), also known as the Earned Income Credit (EIC), was established in…


IRS Code 766: What it Means on Your Transcript

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Understanding_IRS_Code_766.mp4"][/video] Taxes and good news seldom come together, but that doesn’t mean it never happens. Case in point, you might one day…


The Expanded Child Tax Credit

Important Information About the 2021 Child Tax Credit: Advance Payments, Online Tools, & More Thanks to recent temporary changes to the federal Child Tax Credit…