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Divorce Lawyers

Thyden Gross and Callahan LLPCounselors and Attorneys at Law

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FATHERS’ RIGHTS
NOT JUST EVERY OTHER WEEKEND

This is about fathers' rights law, and protecting the best interests of your children. It provides information, news and comments on laws, cases and strategies for life as a single father and winning your custody, access or child support case.

Archive for January, 2010

Child Related Tax Breaks

Thursday, January 14th, 2010

Tax breaks available to taxpayers with children are:

1.  dependency exemption,
2.  head of household filing status,
3.  child tax credit,
4.  child and dependent care credit, and
5.  earned income tax credit.

But each of these used to have a different requirement for when a child qualified for favorable tax treatment.  Now the IRS has created a uniform definition of a qualifying child.  This was done to streamline the tax rules related to children and make the regulations more consistent.  There are still a few variations left.  For more information.

 
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