Posts Tagged "tax breaks"

Child Tax Credit: The Cost of Raising a Child

Posted on Aug 19, 2014 in San Diego Lawyer, Taxes | Comments Off on 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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Use It or Lose It: Get These Tax Breaks Before They Expire

Posted on Dec 11, 2013 in San Diego Lawyer, Taxes | Comments Off on Use It or Lose It: Get These Tax Breaks Before They Expire

Tax Breaks! The Join Commission of Taxation published a list of 55 federal tax provisions that are set to expire this year a.k.a. tax breaks.  Here are a few of those that may apply to you as an individual or business taxpayer.  State Sales Tax Deduction. Applicable to residents of states without an individual income tax. Tuition and Fees Deduction. This allows up to a $4000 deduction for qualifying postsecondary education expenses. Check with your tax professional for details but this generally is available to couples filing jointly who make under $160,000. Make sure to pay Spring 2014...

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