Category Archives: Credits

Ten Tax Benefits for Parents

Posted on January 26, 2011 by Cliff

Did you know that your children may help you qualify for some tax benefits? Here are 10 tax benefits the IRS wants parents to consider when filing their tax returns this year. Dependents In most cases, a child can be … Continue reading →

Posted in Credits, Deductions, Income Tax, Planning | 1 Comment

Five Facts about the Making Work Pay Tax Credit

Posted on September 1, 2010 by Admin2

1. This credit – still available for 2010 – equals 6.2 percent of a taxpayer’s earned income. The maximum credit for a married couple filing a joint return is $800 and $400 for other taxpayers. 2. Eligible self-employed taxpayers can … Continue reading →

Posted in Credits, Income Tax | Comments Off

Education Tax Credits

Posted on August 23, 2010 by Cliff

School started this morning in Fulton County.  With one in college and four more to go, education funding is an important topic at our house.  Luckily the tax code has several options that help to defray the cost of higher … Continue reading →

Posted in Credits, School | Comments Off

Summertime Child Care Expenses May Qualify for a Tax Credit

Posted on August 14, 2010 by Cliff

Did you know that your summer day care expenses may qualify for an income tax credit? Many parents who work or are looking for work must arrange for care of their children under 13 years of age during the school … Continue reading →

Posted in Credits, Income Tax | Comments Off