Got kids? Here's what to know about filing your 2023 taxes
Release time：2024-05-21 11:09:42 Source：World Warp news portal
NEW YORK (AP) — There are a few tax tips parents of children 17 and under should keep in mind before filing, tax pros say. Here’s what to know:
Child tax credit
The child tax credit has reverted lower for 2023 than in previous years, when it was expanded due to COVID. This means taxpayers with one or two children may see a lower credit for their children under age 17 than in 2021. It’s still up to $2,000 per child, though, and it can be claimed alongside the standard deduction and reduces your total tax bill, said Eric Bronnenkant, director of tax at Betterment, a financial advisory company that provides digital investment, retirement and cash management services.
Child and dependent care credit and deductions
The child and dependent care credit is available for expenses paid for a qualifying child for day care. It can also be used for dependents who are not able to care for themselves, if the requirements are met.
- Previous：Biden says Brown v. Board of Education ruling was about more than education
- Next：What's next for Iran after death of its president in crash?
Related articles
- Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored
- Volkswagen invests 2.5B euros to expand innovation hub in China
- Protection, Inheritance of Cultural Heritage to Be Enhanced
- Young People Infuse Vibrancy into Chinese Square Dancing
- The unstoppable duo of Emma Stone and Yorgos Lanthimos
- Nearly Half of Collections at China's Palace Museum Undergo Digitalization: Official
- Scenic Area Opens to Promote Night Economy in Xinjiang
- CCTF Listed as National 5A
- College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at
- China Achieves Full Coverage of Educational Assistance
- Jon Wysocki dead at 53: Staind drummer passes away
- UN Security Council strongly condemns terrorist attack in Russia
- Museum of Grand Canal Culture to Open in Beijing
- China urges US to stop poisoning public support for bilateral ties
- Why US Catholics are planning pilgrimages in communities across the nation
- Protection, Inheritance of Cultural Heritage to Be Enhanced
- China, Australia to jointly promote stable development of strategic partnership
- China Launches Shenzhou
- Shohei Ohtani's first walk
- 3D Printing Construction Company Empowers Village Development in Xizang
Random recommendation
- Copyright © 2024 Powered by Got kids? Here's what to know about filing your 2023 taxes ,World Warp news portal sitemap