Some families that aren't required to file tax returns because of low incomes might want to file anyway to collect the earned income tax credit. It's not too late.
Working parents can save on their taxes through the child-care tax credit or by using a flexible spending account. Do the math to see which works better for you.
If you got married or divorced, took in an elderly parent, lost your job or adopted a child, you may need to adjust your tax planning.
After paying expenses for your children all year, be sure to claim all the tax deductions and credits to which you're entitled.
Parents and guardians can get a $1,000 tax credit per child if they meet income requirements. Some can even get additional credit.
Parents whose incomes are too high to qualify for the college tuition tax credits should see if their children qualify.
You can claim a tax credit of up to $13,360 this year for adopting a child, but you have to document expenses and file a paper return.
Don't miss the deductions and credits that are mostly likely to yield significant tax savings. Business, home and dependents are 3 key categories.
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