Today, Family First has some money saving tax tips. April fifteenth is drawing near, but the news about taxes isn't all bad. Families with young children can save a bundle this year by taking advantage of several tax credits and deductions available to parents. Linda Hanway considers each of her four children a blessing. And at this time of year, children can add up to a neat little tax deduction, too.
Deductions can add up, but credits are by far the better deal.
To qualify, your child must be under the age of thirteen, and you'll have to provide a social security number for the caregiver. Linda Hanway works fulltime, but if you've left the workforce to raise your kids, there's still a tax break for you. Claiming these and other tax benefits requires some concentration, but after the forms are completed and the envelope is sealed, the money you save will be worth the effort. WFAA-TV Co. All Rights Reserved.