Tag: credits

Sweet child of mine: Tax credits for parents

Mother kissing her smiling young daughter during fall season.
Mother kissing her smiling young daughter during fall season.

The costs of raising a child, such as for child care, general costs of living and college tuition, can really add up and are often on the rise. But parents may find some relief at tax time with tax credits for education, child care and for simply having children.

Child tax credits

Many of the tax breaks for parents pertain to child care and education, but the easiest tax break of all is for simply having children. For tax years prior to 2018, the Child Tax Credit provides up to $1,000

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