Child and Dependent Care Credit Archives - Page 5 of 6

Tax Benefits For Disabled Taxpayers

The tax professionals at the Thorgood Law Firm can help any taxpayer pinpoint all of the tax benefits that are applicable to his or her situation or status. The following are some of the tax benefits that may assist disabled…

Shamsey Oloko August 16, 2016 Charitable Contributions, Child and Dependent Care Credit, Child Tax Credit, Deductions, Health Expenses 0

The Most Overlooked Tax Deductions, Part 4

Many taxpayers overlook the long list of deductions that they may take when completing and filing their tax returns. The IRS has estimated that millions of taxpayers overpay their taxes each year mainly because they fail to avail themselves of…

Shamsey Oloko March 28, 2016 Child and Dependent Care Credit, Child Support, Child Tax Credit, Filing Status, Income Tax, Representation, Tax Credit 0

Child and Dependent Care Credit Explained (26 U.S.C. §21)

Federal courts have long held that expenses incurred by taxpayers for the care of dependents, such as a daycare or babysitting expense, while the taxpayer is away from home and at work, are not deductible under I.R.C. § 162(a). However,…