Yearly Archives: 2019


Top 8 Tax Breaks for Parents


If you have children, you may be able to reduce your tax bill using these tax credits and deductions. Child Tax Credit: You may be able to take this credit on your tax return for each of your children under age 17. Qualifying dependents must have a valid Social Security Number. This credit is refundable, which means you may a refund even if you don’t owe any tax. Credit for Other Dependents: This is a [...]

Top 8 Tax Breaks for Parents2020-04-07T11:44:39+00:00

2018 Changes – TCJA


2018 Changes due to the Tax Cuts and Jobs Act (TCJA) On December  22, 2017, the President of the United States signed into law major tax reform in the Tax Cuts and Jobs Act (TCJA). The TCJA made widespread changes to the Internal Revenue  Code which will affect your 2018 tax return.  Here are some of the more common changes that could affect your tax return. Changes affecting most taxpayers Personal exemption rate is [...]

2018 Changes – TCJA2019-01-17T15:06:40+00:00