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7 Requirements for the Child Tax Credit
The Child Tax Credit can significantly reduce your tax bill if you meet all seven requirements: 1. age, 2. relationship, 3. support, 4. dependent status, 5. citizenship, 6. length of residency and 7. family income. You and/or your child must pass all seven to claim this tax credit. Read more…
Steps to Claiming an Elderly Parent as a Dependent
If you cared for an elderly parent, your parent may qualify as your dependent, resulting in additional tax benefits for you. Read more…
8 Money-Saving Tax Tips for Parents
No one ever said raising kids would be a cost-effective undertaking. But, after your initial "investment" in diapers, baby food and all the other necessary bells and whistles, the financial perks of having children come at tax time. Tax credits and deductions for parenting expenses can result in a lower tax bill and a higher refund. Read more…
Tax Deductions for Families
Families can frequently save more on their taxes than a single person. We'll help you understand who you can claim as a dependent, and which family-related deductions will give you the greatest tax benefit. Read more…
Sending Kids to College
TurboTax can help you take advantage of tax breaks to ease the financial burden of sending kids to college, including tax credits, tuition deductions, tax-free savings and more. Read more…
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