Solutions to Make Better Decisions with Your Taxes and Money

5 Popular Tax Credits — Do You Qualify?

There’s a good reason why people love tax credits. Unlike tax deductions, which lower your taxable income, tax credits lower your tax bill dollar for dollar. However, not every tax credit is the same. There are two different categories – nonrefundable and refundable. Most tax credits are nonrefundable, which means they are subtracted from your […]

How to Maximize Tax Deductions and Credits

Paying income taxes is the civic duty of all Americans, with the money helping to pay for national defense, highways, schools and police departments, among other things. While we’re happy to pay our fair share, no one wants to pay too much income tax. That’s where tax deductions and credits come into play. U.S. Congress […]

What Babies Really Cost and How to Set a Budget

When my husband and I first got married, we had an instant family of four with his two daughters as my “bonus” babies! Then we added five more children in the first seven years of marriage. So I know a thing or two about economizing when it comes to baby. Most military families are very […]

8 Tax Law Changes That Affect Parents

Are you getting all the tax breaks you’re entitled to as a parent? If you are a parent, chances are that the 2012 tax law changes will affect you. Several important tax breaks were scheduled to expire at the end of 2011. There was a wide expectation the breaks would eventually be extended for 2012, […]

Tax Savings for Parents: Tax Credits and Deductions Parents Need to Know

Updated for tax year 2015 Do you have children? Though your little bundle of joy taps into your pocket book throughout the year, but during tax time, they can help you put money back into your pockets. According to the U.S. Department of Agriculture, it will cost a middle-income family approximately $226,920 to raise a […]