Child Tax Credit Archives - Page 5 of 7 - FREE Yourself from IRS Problems

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 May 18, 2016 Child Tax Credit, Filing Status, Income, Tax Credit, The American Taxpayer Relief Act of 2012 0

Children And Tax Credits: The Child Tax Credit

The popular $1,000-per-child tax credit was made a permanent part of the tax code by the American Taxpayer Relief Act. Depending upon a parent’s income, the Child Tax Credit is an important and useful tax credit that may be worth…

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,…