Tag: back to school

Education is expensive, so here’s some helpful tips!

Get your tax break from claiming your kids.

1. Don’t forget to claim up to $1,000 for the Child Tax Credit.
   (Your child must be under 17, live more than half the year with you, a dependent on your tax return, be directly related to you, a U.S. citizen, national or resident alien)
2. Claim the child and dependent care credit for child care expenses for your child under 13.
3. You can claim the Earned Income Credit (EIC) depending on your income.
4. The Adoption Tax Credit reduces your tax for expenses such as Court, attorney fees, travel and meal expenses. (You can also claim the Special Needs Credits for all relating expenses)
5. Claim the Education Credit for education expenses if you’re paying for your child’s college education.

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