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Family and Taxes

The Latest

  • February 3, 2016

    Generally, taxpayers are allowed to claim exemptions on their tax returns that reduce their amount of taxable income. There are two main types of exemptions: personal exemptions and exemptions...

  • January 29, 2016

    The Earned Income Tax Credit (EITC or EIC), which has been around since 1975, essentially provides a subsidy for low-income working families. To claim this tax credit, you must meet certain eligibility...

  • November 18, 2015

    Families and individuals who get their health insurance through the Health Insurance Marketplace may be able to offset the cost of their monthly premiums with the Premium Tax Credit.

    The premium tax credit (PTC) is a...

  • October 19, 2015

    If you have children, you may be able to lower your tax bill by claiming the Child Tax Credit. The Child Tax Credit is a non-refundable credit, which means it cannot reduce your tax...

  • October 8, 2015

    A change in life circumstances, whether good or bad, can affect your tax return.

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    Here are some...

  • October 6, 2015

    A wedding is a joyous occasion – but with marriage comes a host of new tax considerations.

    Whether you are soon-to-be-married or newly married, you should take the time to review your tax situation as a couple. There are a number of steps...