Current location:International Idiom news portal > world
Got kids? Here's what to know about filing your 2023 taxes
International Idiom news portal2024-05-07 17:39:45【world】8People have gathered around
IntroductionNEW YORK (AP) — There are a few tax tips parents of children 17 and under should keep in mind before
NEW YORK (AP) — There are a few tax tips parents of children 17 and under should keep in mind before filing, tax pros say. Here’s what to know:
Child tax credit
The child tax credit has reverted lower for 2023 than in previous years, when it was expanded due to COVID. This means taxpayers with one or two children may see a lower credit for their children under age 17 than in 2021. It’s still up to $2,000 per child, though, and it can be claimed alongside the standard deduction and reduces your total tax bill, said Eric Bronnenkant, director of tax at Betterment, a financial advisory company that provides digital investment, retirement and cash management services.
Child and dependent care credit and deductions
The child and dependent care credit is available for expenses paid for a qualifying child for day care. It can also be used for dependents who are not able to care for themselves, if the requirements are met.
Address of this article:http://martinique.ipdilemma.com/article-14c199951.html
Very good!(15)
Related articles
- Spain's Prado Museum confirms rediscovery of lost Caravaggio. Painting will be unveiled May 27
- Taylor Swift: Artist's music back on TikTok after dispute
- VOX POPULI: Professionalism will be the key to successful ride
- Any war in South China Sea 'threatens 90 per cent of Australia's fuel imports'
- What's making me bruise so easily from the slightest knock? ASK DR MARTIN SCURR
- Russia, China condemn Australian nuclear submarine deal
- Kate's cancer the latest bombshell in royal family's year of woe
- Activist on trial in secret in China for saying Xi Jinping 'not smart enough'
- Hospital operator Steward Health Care files for bankruptcy protection
- Trump suffers pair of setbacks as judges reject calls to dismiss charges
Popular articles
- Babar hoping paceman Rauf will regain full fitness and make an impact for Pakistan at T20 World Cup
- Northern Irish political leader Jeffrey Donaldson quits over charges of historical sex offences
- General specialist surgery trainees' job prospects appear faint, surgeons say
- Alibaba to invest HK$5 billion in Hong Kong entertainment sector
Recommended
Tom Brady roast: Netflix live event features Robert Kraft and Bill Belichick reunion
Charges filed against school official in case of boy, 6, who shot teacher
Wellington council 'excluded' from information about ageing rail network, chair says
VOX POPULI: Spring is the best season for those who have a taste for wild plants
Call it Cognac diplomacy. France offered China’s Xi a special drink, in a wink at their trade spat
Deputies surround burglar inside Pico Rivera funeral home
General specialist surgery trainees' job prospects appear faint, surgeons say
Arizona Supreme Court reinstates near
Links
- Vessels made in Fujian take semisubmersible ride to boost BRI ties
- Sales growth forecast despite dip in February
- More air routes using homegrown aircraft C919
- Chinese airlines increasing flights to U.S.
- Alibaba to invest $640m in HK's entertainment industry
- World Volkswagen Day celebration held in Colombo
- Guizhou gears up in computing
- Chinese airlines increasing flights to U.S.
- Chinese airlines increasing flights to U.S.
- Manufacturing access latest opening