Family and Taxes

How Does a Health Savings Account (HSA) Work?
Offset Health Care Costs With an HSA Health Savings Accounts (HSAs) are designed to help individuals offset the health care costs associated with High…
Tax Breaks for Parents
Raising a child is expensive, but you can partially offset some of the expenses by utilizing tax deductions and tax credits that are available to…
The Child Tax Credit
A Tax Break for People Who Have a Qualifying Child One of the most valuable and popular federal tax credits is the Child Tax Credit. For tax…
The Child and Dependent Care Credit
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2015/01/Child_Care_Tax_Credit_Explained.mp4"][/video] Many parents and people caring for dependent family members can receive a tax credit for expenses paid to care for these individuals. This…
How to Determine Your Federal Filing Status
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2014/02/Untitled_video4.mp4"][/video] There are five statuses: Single, Married Filing Jointly, Married Filing Separately, Head of Household, and Qualifying Surviving Spouse with a Dependent…