Posts Tagged ‘dependents’

Explained: The Child and Dependent Care Credit for the Single Father

The tax code recognizes that many parents cannot work or attend school unless they can arrange for child care. The Child and Dependent Care Credit addresses this need by giving a partial tax credit to parents based on their child care expenses.The term “credit” means that dollars are subtracted directly from the taxes owed after […]

Top 6 Things You Should Know About Divorce and Taxes

Divorce affects every area of life including taxes. If you’re filing taxes for the first time since you were divorced,  this Divorced Fathers Rights guide outlines the 6 things you should know about divorce and taxes. The Year of your Divorce is What Counts If you were divorced in January or in December of last year, or […]