Tax Deductions
The Other Tax Credit for Children: What is the Child Care Tax Credit and How Does It Work?
A credit for taking care of kids. A credit for having kids. Now where's the tax credit for teenagers sass? The Child Care Tax Credit…
What Will the Daycare Tax Credit Actually Pay for? Let’s Take Care of That Child and Dependent Care Tax Credit
Also known as the "Keeping Mommy Sane" tax credit. What Is Form 2441: Child and Dependent Care Expenses? Form 2441: Child and Dependent Care Expenses…
How to Qualify for the IRS De Minimis Safe Harbor Election
My Latin might be rusty, but is this the business equivalent of "don't sweat the small stuff"? De minimus is Latin for "not a big…
Child and Dependent Care Tax Credit Offers Benefits and Care for Caregivers
The Child and Dependent Care Tax Credit is a beneficial tax credit provided by the US government to assist families who have dependents that require…
The CTC’s Growing Up: Highlights and Overview of the Child Tax Credit and How the CTC Works
My, how these child tax credits grow! Filing your taxes in 2021, 2022, and 2023 are very different years. (Fingers crossed that the CTC gets…
Adoption Tax Credit and the Benefits of Qualified Adoption Expenses
Overview of Adoption Tax Benefits This credit seems pretty direct, but a lot of paperwork. Then again, if you're adopting a kid, the paperwork's not…
Can I Deduct My 529 Contributions on My Federal Tax Returns?
Definition of 529 Contributions I think I might start a 529 just for the tax benefit! A 529 plan is an educational savings plan that…
How Long Can You Claim a Child as a Dependent?
Claiming your child as a dependent can provide significant financial benefits, including tax credits and deductions. However, as your children grow older and start to…
