Tax Breaks Every Parent Should Know About

Learn about child tax breaks available to most parents.

Tax Exemptions and Dependents: Six Things to Know

Understand IRS rules for claiming dependents as exemptions on your tax return.

Who Qualifies as a Dependent for Tax Purposes?

Many taxpayers mistakenly pass up on a valuable tax exemption you can take for dependents.

Five Ways Having Children Saves You Taxes

Don't miss out on these valuable tax savings.

Child Tax Credits

If you have children you support, there are two different tax credits you should know about.

Tax Relief for Child Care Expenses

The child care tax credit and dependent care accounts could save you thousands of dollars.

Do You Qualify for the Adoption Tax Credit?

If you're thinking of adopting, don't miss this generous tax credit.

Do You Need to Pay the Nanny Tax?

The answer depends on how your hire your nanny and much you pay the person.

Dependency Exemption for Children of Divorced Parents

As a general rule, the custodial parent gets the entire exemption when they divorce.

How Boomerang Children Can Save You Taxes

Here are some tips on how a child who ends up back at home can help reduce your tax burden.

Tax-Free College Savings

Don't miss out on government savings programs created to help with college costs.

Is Your Student Loan Tax Deductible?

The short answer is no but the interest you pay on your student loans may be deductible.

Are Homeschooling Expenses Deductible?

The short answer is: No. Find out which education-related tax deductions and credits are not available to people who homeschool their children.

Are Scholarship and Fellowship Student Grants Tax Free?

The answer to this question depends on how you spend the grant money.

The Kiddie Tax

Income shifting to kids and other family members is a popular tax strategy but the rules have changed.

The Kiddie Tax: Limits on Shifting Unearned Income to Children

Learn about the kiddie tax and changes under the Tax Cuts and Jobs Act.

Why It's Tax Smart to Hire Your Children

Your children can be a great tax savings device if you run your own business.

Deducting Your Childrens' Wages: Watch Out for IRS Scrutiny

Learn what the IRS looks at when determining whether wages paid to a child are deductible.