{"id":9744,"date":"2025-02-06T19:22:56","date_gmt":"2025-02-06T19:22:56","guid":{"rendered":"https:\/\/finderica.com\/?p=9744"},"modified":"2025-02-06T19:22:56","modified_gmt":"2025-02-06T19:22:56","slug":"11-tax-breaks-parents-can-get-for-claiming-kids-on-taxes","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=9744","title":{"rendered":"11 Tax Breaks Parents Can Get for Claiming Kids on Taxes"},"content":{"rendered":"\n<div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"lazyload clicker_number\" style=\"position: absolute; height: 1px; width: 100%\" alt=\"ScoreCard Research\" data-count=\"104.245.38.58,104.245.38.58, 172.68.175.35\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\"><\/p>\n<p><span style=\"font-weight: 400;\">Does the thought of <\/span><span style=\"font-weight: 400;\">doing your taxes<\/span><span style=\"font-weight: 400;\"> on top of caring for your kids make your head spin?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Take a deep breath: We found 11 tax breaks for parents.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whether your children are swaddled newborns or seeking college degrees \u2013 whether you\u2019re single, married with kids or adopted this year \u2013 you may be eligible to get some money back on tax day.<\/span><\/p>\n<div class=\"adBorder\" id=\"thepe-1683806656\">\n<h3>Drowning in Expenses?<\/h3>\n<p>Maybe you\u2019re scrambling after your car broke down. Or you got a medical bill you weren\u2019t expecting. Or inflation has finally pushed your budget over the edge. Take a breath. You don\u2019t need to go it alone.<\/p>\n<p>When money is tight, <a href=\"https:\/\/partners.thepennyhoarder.com\/when-money-is-tight-sdyn-prt\/\/?aff_id=384&amp;aff_sub3=when-money-is-tight-sdyn-prt\/&amp;aff_sub4=191825\" target=\"_blank\" rel=\"noopener\">these resources<\/a> can help you manage unexpected expenses without stress.<\/p>\n<\/div>\n<h2>11 Benefits and Tax Credits for Parents<\/h2>\n<p>Here are the top tax credits and deductions for parents to keep in mind.<\/p>\n<h3>1. Out-of-Pocket Medical Expenses Related to Pregnancy<\/h3>\n<p><span style=\"font-weight: 400;\">Technically, any year you have large medical expenses you could potentially deduct them on your tax return. But when you have a baby, the likelihood of having massive medical expenses goes up. Here are the pregnancy- and childbirth-related expenses you might be able to deduct:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Health insurance premiums for anyone on your tax return \u2013 including baby (though you will have to be careful about this one if you have an ACA plan and\/or are self-employed)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">OBGYN expenses paid out-of-pocket<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Physical therapy expenses paid out-of-pocket<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Out-of-pocket costs associated with bloodwork and labs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cost of diagnostic tests (like ultrasounds and pregnancy tests) paid out-of-pocket<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hospital bills not covered by insurance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Travel and lodging expenses if you had to travel to receive adequate medical care<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Breast pumps and any lactation aids that weren\u2019t paid for by insurance<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">After you\u2019ve added up all your expenses, you\u2019ll then deduct 7.5% of your adjusted gross income (AGI). Whatever\u2019s left is what you\u2019re allowed to deduct.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The kicker is that since the <\/span><span style=\"font-weight: 400;\">Tax Cuts and Jobs Act<\/span><span style=\"font-weight: 400;\"> of 2017, the standard deduction has been quite high. Here are the numbers for the 2024 tax year:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you\u2019re married filing jointly, the standard deduction will be $29,200.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you\u2019re not married, but you\u2019re claiming the child, it will be $21,900 under the head-of-household filing status.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you\u2019re not married and the other parent is claiming the child, you\u2019ll qualify for the single taxpayer standard deduction of $14,600.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">That means for this itemized deduction to be worth it, your total medical expenses \u2013 after you subtract that 7.5% of your AGI \u2013 and other itemized deductions will need to be more than that standard deduction.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For a lot of households in a normal year, taking the standard deduction is more advantageous. But during a year in which you\u2019ve been pregnant and\/or given birth, it\u2019s worth running the numbers, especially if you found yourself paying a lot of money out-of-pocket. <\/span><\/p>\n<h3>2. Child Tax Credit<\/h3>\n<p><span style=\"font-weight: 400;\">As soon as your child is born, you\u2019re eligible for the <\/span><a href=\"https:\/\/www.irs.gov\/help\/ita\/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Child Tax Credit<\/span><\/a><span style=\"font-weight: 400;\">, which reduces your tax burden by up to $2,000 for every child under the age of 17, depending on your income.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This might seem obvious, but it\u2019s important to note: Even if your child is born on Dec. 31, you can still claim them for that year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One thing to note about this credit is that it\u2019s not refundable. It can get your tax burden down to $0, but won\u2019t put money back in your pocket. For that, you\u2019ll need the Additional Child Tax Credit.<\/span><\/p>\n<h3><strong>3. Additional Child Tax Credit<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Let\u2019s say you have two kids and qualify for $4,000 total on the Child Tax Credit. But your tax burden is only $600. What of the remaining $3,400 in credit?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Well, up to $1,700 per child can be refunded with the Additional Child Tax Credit. That means you\u2019d get the extra $3,400 back in your pocket. <\/span><\/p>\n<h3><strong>4<\/strong><b>. Adoption Tax Credit<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The adoption process is notorious for being lengthy and expensive. <\/span><a href=\"https:\/\/www.irs.gov\/taxtopics\/tc607.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The Adoption Tax Credit<\/span><\/a><span style=\"font-weight: 400;\"> is worth up to $16,810 per child to help you alleviate that financial strain.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This credit covers adoption fees, court costs, attorney fees, travel expenses and other related expenses. The $16,810 max accounts for the costs of the entire adoption \u2013 even if it was split over multiple years. So if you claimed $4,000 in 2023, you\u2019d only be able to claim up to $12,810 for the 2024 tax year for the same adoption.<\/span><\/p>\n<figure id=\"attachment_176331\" style=\"width: 1024px\" class=\"wp-caption alignright\"><img loading=\"lazy\" fetchpriority=\"high\" loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" class=\"lazyload size-large wp-image-176331\" src=\"https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2022\/04\/31135337\/childcare-tax-credit-final-1024x683.jpg\" alt=\"A father and son play with shaving cream in the bathroom.\" width=\"1024\" height=\"683\" srcset=\"https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2022\/04\/31135337\/childcare-tax-credit-final-1024x683.jpg 1024w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2022\/04\/31135337\/childcare-tax-credit-final-360x240.jpg 360w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2022\/04\/31135337\/childcare-tax-credit-final-768x512.jpg 768w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2022\/04\/31135337\/childcare-tax-credit-final-100x67.jpg 100w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2022\/04\/31135337\/childcare-tax-credit-final-222x148.jpg 222w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2022\/04\/31135337\/childcare-tax-credit-final-314x209.jpg 314w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2022\/04\/31135337\/childcare-tax-credit-final-363x242.jpg 363w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2022\/04\/31135337\/childcare-tax-credit-final-467x311.jpg 467w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2022\/04\/31135337\/childcare-tax-credit-final-649x433.jpg 649w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2022\/04\/31135337\/childcare-tax-credit-final-750x500.jpg 750w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2022\/04\/31135337\/childcare-tax-credit-final-793x529.jpg 793w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2022\/04\/31135337\/childcare-tax-credit-final-300x200.jpg 300w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2022\/04\/31135337\/childcare-tax-credit-final.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><figcaption class=\"wp-caption-text\"> Getty Images<\/figcaption><\/figure>\n<h3><b>5. Earned Income Tax Credit<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">If you earned income last year but didn\u2019t exceed certain thresholds, you may qualify for the <\/span><a href=\"https:\/\/www.irs.gov\/credits-deductions\/individuals\/earned-income-tax-credit\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Earned Income Tax Credit<\/span><\/a><span style=\"font-weight: 400;\">, which can significantly reduce your tax bill and even get you a refund.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.irs.gov\/Credits-&amp;-Deductions\/Individuals\/Earned-Income-Tax-Credit\/EITC-Income-Limits-Maximum-Credit-Amounts\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">income limits<\/span><\/a><span style=\"font-weight: 400;\"> depend on your filing status and how many children you have. For example, if you\u2019re filing as single or head-of-household and have one qualifying child, you must have earned less than $49,084. If you\u2019re filing jointly with your spouse and have three qualifying children, you must have earned less than $66,819.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The maximum amounts of credit vary slightly each year, and will vary depending on your income. Earning less doesn\u2019t necessarily mean you get more \u2013 this tax credit operates on a bell curve. For the 2024 tax year, the maximum credit for the EIC will be:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">$7,830 for three or more qualifying children<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">$6,960 with two qualifying children<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">$4,213 with one qualifying child<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Note: You can also qualify for the Earned Income Tax Credit <\/span><a href=\"https:\/\/www.irs.gov\/publications\/p596#en_US_2016_publink1000297320\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">without having a child<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<div class=\"adBorder\" id=\"thepe-923231945\">\n<h3>Heard of These Money-Making Hacks?<\/h3>\n<p>Ready to find out how some folks effortlessly earn the big bucks?<\/p>\n<p>Millions of Americans ignore\u00a0<a href=\"https:\/\/partners.thepennyhoarder.com\/smarten-up-americans-prt\/?aff_id=384&amp;aff_sub3=smarten-up-americans-prt\/&amp;aff_sub4=191931\" rel=\"false noopener\" target=\"_blank\">these easy tips<\/a>\u00a0that could have you padding your wallet in no time.<\/p>\n<\/div>\n<h3><b>6. Child Care Tax Credit<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The cost for center-based daycare for one child can range anywhere between $230 per week for a family care center to $321 per week for a daycare or child care center, according to a 2024 survey by <\/span><a href=\"https:\/\/www.care.com\/c\/how-much-does-child-care-cost\/#:~:text=Overall%2C%20the%20average%20child%20care,up%20from%20%24177%2Fweek).\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Care.com<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re paying for child care, you may be able to get a chunk of that back on your taxes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If your child is younger than 13 years old and you pay for child care while you\u2019re either working or looking for work, you qualify for the <\/span><a href=\"https:\/\/www.irs.gov\/taxtopics\/tc602\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Child and Dependent Care Tax Credit.<\/span><\/a><span style=\"font-weight: 400;\"> According to the IRS, the amount of the credit can be 20% to 35% of your actual expenses depending on your income.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2024, the amount of expenses you can use to calculate the credit can be no more than $3,000 for one qualifying individual and no more than $6,000 for two or more qualifying individuals.<\/span><\/p>\n<h3><b>7. Head-of-Household Status<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">If you\u2019re single and have a child, don\u2019t overlook this crucial item: your filing status.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you <\/span><span style=\"font-weight: 400;\">file as a head-of-household<\/span><span style=\"font-weight: 400;\">, you\u2019re automatically eligible for a lower tax rate (and higher standard deduction) than if you file as single.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To be considered the head of household, you must:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Be unmarried or considered unmarried on Dec. 31.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Contribute more than 50% of the financial support of the household.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Have a dependent who lives with you for more than six months of the year.<\/span><\/li>\n<\/ul>\n<h3><b>8. American Opportunity Tax Credit<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">During the first four years of your child\u2019s college education, you can claim up to $2,500 for tuition and related expenses under the <\/span><a href=\"https:\/\/www.irs.gov\/credits-deductions\/individuals\/aotc\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">American Opportunity Tax Credit<\/span><\/a><span style=\"font-weight: 400;\">. If this would bring your tax burden down to $0, you can get up to 40% of this credit refunded to you, up to a max of $1,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Your child must attend college at least part time, and the credit can be prorated depending on your income. The income threshold for individual parents to qualify at all is $90,000; married couples must earn no more than $180,000.<\/span><\/p>\n<h3><b>9. Lifetime Learning Credit<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Unlike the American Opportunity Tax Credit, there is no limit to the number of times you can claim the <\/span><a href=\"https:\/\/www.irs.gov\/credits-deductions\/individuals\/llc\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Lifetime Learning Credit<\/span><\/a><span style=\"font-weight: 400;\"> for education costs to lower your tax bill. You can get up to $2,000 in credit for expenses like tuition \u2013 even if it\u2019s not for a degree-earning program \u2013 but it only applies as a deduction. Under no circumstances can you get any portion of it refunded to you.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To qualify, your modified adjusted gross income must be less than $90,000 (or $180,000 if you\u2019re filing jointly with your spouse).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Note: You can\u2019t claim the AOTC and the LLC for the same person in a single year. Also, the AOTC is per student, while the LLC is per family.<\/span><\/p>\n<h3><b>10. State Tax Credits for Parents With Kids in Elementary or High School<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Some states offer benefits for certain items or activities during the school year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In <\/span><a href=\"https:\/\/azdor.gov\/tax-credits\/public-school-tax-credit\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Arizona<\/span><\/a><span style=\"font-weight: 400;\">, for example, if your kids attend public school, you\u2019re eligible for a tax credit for any fees paid directly to the school district for extracurricular activities, including <\/span><span style=\"font-weight: 400;\">sports equipment<\/span><span style=\"font-weight: 400;\"> or uniforms. You can even qualify for the credit if you spent money on their SAT\/ACT tests or prep classes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While it won\u2019t affect your federal return, you should <\/span><a href=\"https:\/\/education.ced.org\/child-care-state-tax-credits\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">check to see if your state offers any tax credits<\/span><\/a><span style=\"font-weight: 400;\">, before filing your state taxes.<\/span><\/p>\n<h3><b>11. State Tax Deductions for Contributions to Your Disabled Child\u2019s ABLE Account<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">If you have a child who was disabled prior to the age of 26, they qualify for an <\/span><span style=\"font-weight: 400;\">ABLE account<\/span><span style=\"font-weight: 400;\">. These accounts allow them to invest and shelter emergency savings from asset tests for programs like SSI and Medicaid.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you contributed to your child\u2019s ABLE account this year, your state may offer you a <\/span><span style=\"font-weight: 400;\">state tax deduction<\/span><span style=\"font-weight: 400;\">. For example, Pennsylvania and Mississippi allow you to deduct 100% of your contributions on your state tax return dollar-for-dollar.<\/span><\/p>\n<figure id=\"attachment_197140\" style=\"width: 1024px\" class=\"wp-caption alignright\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"lazyload size-large wp-image-197140\" src=\"https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2023\/02\/31113359\/child-tax-credit-1024x684.jpg\" alt=\"Two girls smile for the camera. \" width=\"1024\" height=\"684\" srcset=\"https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2023\/02\/31113359\/child-tax-credit-1024x684.jpg 1024w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2023\/02\/31113359\/child-tax-credit-360x240.jpg 360w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2023\/02\/31113359\/child-tax-credit-768x513.jpg 768w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2023\/02\/31113359\/child-tax-credit-222x148.jpg 222w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2023\/02\/31113359\/child-tax-credit-314x209.jpg 314w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2023\/02\/31113359\/child-tax-credit-363x242.jpg 363w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2023\/02\/31113359\/child-tax-credit-467x311.jpg 467w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2023\/02\/31113359\/child-tax-credit-649x433.jpg 649w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2023\/02\/31113359\/child-tax-credit-750x500.jpg 750w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2023\/02\/31113359\/child-tax-credit-793x529.jpg 793w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2023\/02\/31113359\/child-tax-credit-300x200.jpg 300w, https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2023\/02\/31113359\/child-tax-credit.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><figcaption class=\"wp-caption-text\"> Getty Images<\/figcaption><\/figure>\n<h2>Other Parent-Child Tax Items to Consider<\/h2>\n<p>Ask yourself two more questions before filing your return, putting up your feet and enjoying a well-deserved break.<\/p>\n<h3>Which Parent Should Claim the Child?<\/h3>\n<p>A tricky part of being separated or divorced is figuring out who is supposed to claim the child on their tax return.<\/p>\n<p>To make the call, the IRS typically looks at where the child sleeps for more than half the year, but there are some special exemptions as to who can claim the child and when.<\/p>\n<p><a href=\"https:\/\/www.eitc.irs.gov\/Tax-Preparer-Toolkit\/faqs\/divorced\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">This IRS chart<\/span><\/a><span style=\"font-weight: 400;\"> answers a variety of questions you might have.<\/span><\/p>\n<h3>Does Your Child Work?<\/h3>\n<p>If your child has a job, make sure they file their own tax return.<\/p>\n<p>Teens who work while in school usually don\u2019t make enough money to have a liability. So, even though their employers have likely withheld taxes throughout the year, they\u2019ll get them back in a refund check, which is a nice incentive.<\/p>\n<p><span style=\"font-weight: 400;\">Plus, it\u2019s a great way to continue <\/span><span style=\"font-weight: 400;\">teaching your kids about money.<\/span><\/p>\n<div class=\"adBorder\" id=\"thepe-474420281\">\n<h3>Need Some Quick Cash?<\/h3>\n<p>If you\u2019re looking to boost your income this month, we\u2019ve got just the thing for you.<\/p>\n<p>From quick gigs to smart side hustles, check out <a href=\"https:\/\/partners.thepennyhoarder.com\/50-ways-sdyn-prt\/?aff_id=384&amp;aff_sub3=50-ways-sdyn-prt\/&amp;aff_sub4=191813\" target=\"_blank\" rel=\"noopener\">these 50 easy ways to make a quick buck<\/a> \u2014 there\u2019s something for everyone.<\/p>\n<\/div>\n<p><i>Contributor Michele Becker is a Boston-based writer who specializes in food, as well as Italian travel and history. Brynne Conroy contributed to this report.<\/i><\/p>\n<p>        <!-- ACF Financial Disclaimer --><\/p>\n<p>        <!-- End ACF Financial Disclaimer --><\/p>\n<p>        <!-- Newsletter Signup Form --><\/p>\n<div class=\"newsletter-signup-wrapper-for-digioh\">\n<div class=\"col-xs-12 newsletter-wrap flex-row\">\n<div class=\"container flex-container\">\n<div class=\"col-xs-12 new-newsletter-form\">\n<p class=\"text-subheading\">Ready to stop worrying about money?<\/p>\n<p class=\"text-get-daily\">Get the SS Daily<\/p>\n<p class=\"email-privacy-policy-blurb-white\">\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n<p>        <!-- End Newsletter Signup Form --><\/p><\/div>\n<p><script type=\"text\/javascript\" id=\"wp-fcapi-js-before\">\n\/* <![CDATA[ *\/\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window, document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '263664193816679');\n\/* ]]> *\/\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.thepennyhoarder.com\/taxes\/claiming-kids-on-taxes\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Does the thought of doing your taxes on top of caring for your kids make your head spin? Take a deep breath: We found 11 tax breaks for parents. 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