Child Tax Credit: The Cost of Raising a Child
Child Tax Credit USA Today recently reported that a middle-income family with a child born in 2013 can expect to spend $245,340 to raise their child to age 18. Jaws of penny-pinching parents across the nation are dropping at the enormous figure. We here at GQ Law have a bit of good news for you! Follow along as we shine a little money saving light on the topic of child-rearing, showing you what sweet tax breaks come along with your new bundle of joy. Child Tax Exemption Tax payers receive an exemption of $3,900 on their yearly tax return for any child under 18 including any baby born by...
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