There Might Actually Be a Way That Having Children Could Save You Money (ha,ha!)

If you are a working parent, a parent who plans to look for work this summer or at any time during the year and you have children, you may need to pay for child care.  These expenses may qualify for a tax credit that can reduce your Federal Income Taxes and also some State Income Taxes.

This credit is called the Child Dependent Care Credit and is subject to various regulations.  It is available throughout the year, but in summer there are special rules to keep in mind.