When school's out on break, what do you do with your children? If you send them to a day camp, the money you pay may qualify for a tax credit when you file your taxes. This means you might get some money back. That's because day camp expenses can be used to claim the child and [...]
If you ever have a tax question, check out IRS.gov. One very helpful tool there is the Interactive Tax Assistant (ITA). The ITA tool is a tax law resource that takes you through a series of questions and provides you with answers. (You can print them out if you wish.) Just type what you want to [...]
This article was published by the IRS. As a new school year approaches, students are considering what classes they need to take and how much the classes will cost. Whether it's community college, a trade school, a four-year university or an advanced degree, higher education is expensive. The good news is tax credits can help offset [...]
Do you have a tax question? If so, start with the “Help” link at the top of IRS.gov. There you’ll find lots of useful information, whether you’re filing your tax return, checking on your refund, looking for payment options, wondering about coronavirus tax relief, need a tax transcript, or have any other tax questions. You can [...]
This article was published by the IRS. Childcare or adult dependent care can be a major expense. Fortunately, the child and dependent care credit can provide some relief. Taxpayers who pay for daycare expenses may be eligible to claim up to 35% of what they spend; limits apply. For the purposes of this credit, the IRS [...]
