Need a loan to pay off debt? See if you qualify for relief without a loan If your parents are getting older, and you’re starting to handle some of their medical or personal bills, there are some smart ways to help financially — without putting yourself in an economic hole. Here are three [...]
Tagged as: aging parents, dependent care credit, IRS Publication 503
The Child and Dependent Care Credit became permanent starting with the 2012 tax year – giving working individuals with kids and other dependents a major way to offset their childcare and dependent care expenses. The Dependent Care Credit allows you to deduct up to 35% of your childcare bills, up to a maximum of [...]
Tagged as: childcare, dependent care credit, IRS Publication 503, qualifying person