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8 Ways Parents Can Cut Their Taxes and Smooth the Process

Parenting should be about the squeals on Christmas morning, turkeys drawn from hand tracings, and off-key singing in the back seat of the car, not potentially annoying or costly issues at tax time. With a big hat tip to the folks at IRS.gov, here are eight tax tips for parents:

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While it was my Party, the GOP/Nixon created the Earned Income & Child Tax Credits, hoping to pull people out of poverty, the prgrams need to be modified. Each and every President has expanded these two programs, when in fact, the country cannot afford to give a tax break for unlimited children. Time to put a limit on the deduction. Many people now claim more in child Tax credits then they earned in gross income.

March 28 2014 at 8:44 AM Report abuse rate up rate down Reply