Monday, February 7, 2011

Tip: Tax credits for households with children


TIP:  Got kids? Don’t miss out on tax credits for households with children!
Child Tax Credit
With the Child Tax Credit, you can save up to $1,000 for each child in your family under 17. This is a refundable credit and will be paid to you even if you don’t owe any taxes. There are certain restrictions to qualify for this credit, but don’t overlook it! Get the facts here.
If you paid someone to care for a child, spouse, or dependent last year, you may be eligible for the Child and Dependent Care Credit on your federal income tax return.  There’s a lot to know about the Child and Dependent Care Credit! Get the details here.
Don’t forget to visit the taxes section of the Believe in Your Future website for some trusted tax resources provided by organizations right here in Utah!

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