Welcoming a new addition to the family is an exciting and joyous time, but it can also bring financial challenges. Fortunately, there are several tax breaks available to new parents […]
dependents
Child and dependent care credit increases
If you have a child in daycare you will now be getting a much better credit for the cost of childcare on your 2021 taxes and even better that credit […]
What you need to know about the child tax credit
The American Rescue plan recently passed by congress has one provision that will affect anyone who has a child. The child tax credit was raised and is now not only […]
Disabled Kids’ Dependency
I was recently asked how much income a disabled child could earn and still be considered a dependent for taxes. First, any child under the age of 24 (whether they […]