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Tax day: 8 top tax breaks for parents on tax deadline

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Tax day: 8 top tax breaks for parents on tax deadline

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The tax deadline looms, and for many Americans this means crunch time for calculating tax deductions, gathering W-2s, and searching for as many tax breaks as possible
Not in my house. No, here we have had our tax returns finished and filed for months. I say this not smugly, but with bewilderment.
This is not my doing. See, I am a tax procrastinator. I believe tax extensions are to be used indefinitely, if possible. (But only if legal, of course. In case the IRS is reading.) My husband, on the other hand, loves doing our taxes. Loves it. He pours over the IRS website with glee. (The first time I encountered this strange behavior I asked if there was a problem with our relationship. Now I know better.)
Anyhow, this year Christopher was extra excited because he had a whole new area of tax law to explore: the dependent child. A.k.a. our baby. As it turns out, there are a bunch of tax benefits to having a kid. But if you鈥檙e like me, the US tax code is not pleasure reading. So, as a public service from the Monitor's Modern Parenthood blog, we thought we鈥檇 spell out some of the top tax code nuggets to explore if you have children. But please, we鈥檙e not tax experts. My goodness, no. So always check with your tax adviser before doing anything drastic.

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As tax deadline looms, parents are looking for as many tax breaks as possible.

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By Stephanie Hanes, Modern Parenthood Contributor

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April 13, 2012

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April 13, 2012

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