qualifying child

How Long Can You Claim a Child as a Dependent?

clan a child

As your children get older, some of the IRS rules about claiming them as dependents on your tax return change. It’s important to understand all the rules, especially since children are living with their parents longer than they did in previous generations. As is often the case when it comes to tax law, there are … Read more

Additional Child Tax Credit: What is It & Do I Qualify?

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It’s a parents job to support their children, and doing so isn’t cheap. In 2015, the U.S. Department of Agriculture reported that raising a child to the age of 17 costs about $233,000. This figure doesn’t take college tuition into account.  Fortunately, the IRS understands that children are amazing but expensive creatures. To help offset … Read more