{3:42 minutes to read} If you are a working parent or a parent looking for work, you will probably need to pay for childcare. These expenses could qualify for a tax credit that could reduce your federal and state income taxes.
The credit is commonly referred to as the Child Dependant Care Credit, but like everything else in the tax code, it is subject to certain regulations. Continue reading
While not always an abundant amount, a taxpayer may, in certain situations, be eligible for credits against their taxes. The following are the most widely available credits applicable to all individuals who file taxes. In an effort to make you aware of these credits, I am providing a list of the most common ones. You can always ask your tax adviser or call us for a more in-depth explanation.
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