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Tax Information for Parents

Child Tax Credit
This credit is for people who have a qualifying child. It can be claimed in addition to the credit for child and dependent care expenses

Education Credits
Education tax credits can help offset those costs. The American Opportunity Credit and the Lifetime Learning Credit are education credits you can subtract in full from your federal income tax, not just deduct from your taxable income.

Child and Dependent Care Information
If you paid someone to care for a child or a dependent so you could work, you may be able to reduce your federal income tax by claiming the credit for child and dependent care expenses on your tax return.

EITC Home Page--It’s easier than ever to find out if you qualify for EITC
If you worked but earned less than $52,427 during 2014, you may qualify for EITC. The Earned Income Tax Credit, sometimes called EIC is a tax credit to help you keep more of what you earned. You must file a return and claim the credit to receive it. Find out more about EITC and links to helpful tools and resources.

Affordable Care Act Tax Provisions for Individuals and Families
Starting in 2014, the Individual Shared Responsibility provision calls for each individual to either have minimum essential health coverage for each month, qualify for an exemption, or make a payment when filing his or her federal income tax return.

Adoption Taxpayer Identification Number
Information for those needing a taxpayer identification number for a child who has been placed in their home pending final adoption.

Did you know life events like marriage, birth and divorce may have a significant tax impact?
Organized by type of life event this page provides resources that explain the tax impacts of each.

Page Last Reviewed or Updated: 11-Dec-2014