Monthly Archives: October 2016

Have you had to pay for someone to take care of your dependents while you worked? If so, you may be able to claim a special tax credit to help offset some of the costs. This credit, the Child and Dependent Care Tax Credit, has certain requirements that taxpayers must meet. These include: You must […]

After getting divorced, you may notice a change in your taxes, along with everything else you are altering in your life. Tax time may mean a new filing status, as well as different eligibility for certain tax credits. If you have always filed using the Head of Household tax status, you may not be eligible […]

IRA Contributions Facts

Investing in your retirement is important. When it comes to saving for your future, you have a multitude of options. One option, the Individual Retirement Arrangement (IRA), factors in at tax time regarding contributions that you make. Since this is a popular retirement plan, you should be aware of the following seven facts in order […]