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Posts Tagged "claiming dependents"

Child & Dependent Care Tax Credits This Summer

This week we will discuss child and dependent care tax credits, and filing Form 2441. If you have a child under the age of 13, or an incapacitated spouse or parent, you may be able to take a dependent care credit on your individual tax return. The most that is allowed is $3,000 worth of care expenses for one dependent,…read more →

Common Tax Filing Mistakes

Here we are at the tax deadline.  Some last-minute tips to remember; people make the same mistakes every year, so we keep repeating them:   Miscalculating the basis of investments. Using the wrong basis can cause more taxes to be paid than should be. (Basis is what you paid for it, plus any dividends or capital gains that have been reinvested.)  …read more →

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