

Children and Taxes
2015 has come to a close and employers are mailing out W-2s. Make sure you understand the tax consequences of your child custody, child support, or parenting time arrangement. Your children may have a significant impact on your federal tax obligations. If you are a divorced or unmarried parent, strict federal rules determine whether or not you can claim various tax credits and exemptions for your children. These include the child tax credit, childcare tax credit, earned inc