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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…


Tax Tips for the Affordable Care Act (ACA)

Learn How the New Health Care Law Impacts Your Taxes   Beginning in 2014, the Individual Shared Responsibility provision of the Affordable Care Act takes…


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…


Married Filing Jointly

Tax Considerations for Newly Married Couples you’re getting married, taxes are probably the last thing you want to think about. However, it is still important…


The Differences Between Taxable And Non-Taxable Income

Learn the Differences Between Taxable and Non-Taxable Income   As many are still recovering from the Great Recession, the idea of having income (or even…


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…