child care credit

Getting married should be one of the happiest events of your life. But even if everything goes perfectly on your special day, the IRS may spoil the party. That's because getting hitched means big changes on your taxes. Here's a quick rundown of what you need to know.

Lawmakers have gotten in the habit of waiting until the last minute to extend many tax breaks, but last year, they ran out of time. Now, unless Congress acts soon, millions of Americans are face changes that could leave them sending thousands of dollars a year more to the IRS.

Years ago, the fellow who was running the IRS at the time told Kiplinger's Personal Finance magazine that he figured millions of taxpayers overpaid their taxes every year by overlooking just one of the money-savers listed here.

Years ago, the fellow running the IRS told Kiplinger's Personal Finance magazine that he figured millions of taxpayers overpaid their taxes every year by overlooking just one of these deductions. Don't be one of those millions: Read on, and find out how to cut your tax bill to the bone.

Thanksgiving's still two weeks away: You're getting ready for Black Friday, not April 15. But all those one-day deals pale next to what you could save on your taxes by taking a few smart steps before Dec. 31.

Tax credits are one sure way to put money in your pocket. A credit is a direct reduction of the amount of tax you owe, so it can be very valuable. Some of them are even refundable, meaning that you can get tax money back even if you didn't pay in. Three key tax credits are often overlooked by...

You may be eligible for a tax credit of up to $3,000 (one child) or $6,000 (two or more children) for child care costs incurred to allow you to be gainfully employed. The qualifying child (or other dependent) must be unable to care for herself or himself and living with the taxpayer. A child must...

Taxpayers can receive a direct reduction in their income taxes with the Child Care Credit. The credit may be up to $3,000 for one child or up to $6,000 for two or more children, and is given for qualified daycare or child care expenses. To claim the credit, you must fill out Form 2441, which...