Tag Archives: credit

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 […]

Working parents know how difficult it can be to find appropriate care for their children while they work. If you pay for someone to watch your children while you work, there‚Äôs a possibility you may be eligible to claim the Dependent Care Credit. This credit has certain requirements that must be met in order to […]

Dependent Benefits

One of the easiest way to increase your tax benefits at tax time is to claim a child or eligible adult relative as a dependent. You are entitled to a personal exemption for each qualifying dependent that you claim, which helps put a little extra cash back in your pocket. You may even be able […]

Caring for Your Dependents

Many taxpayers require a little extra help when it comes to taking care of their dependents. Those who hire professional care for their disabled relatives or childcare for their children younger than 13 so they can work may be eligible to recoup their expenses through the Child and Dependent Care Credit. This tax credit is […]