Five Tax Perks That Come with Parenthood

5072025908_6571bbaa5d_zIf you became a parent for the first time in 2014, there are several tax perks you can look forward to this tax filing season. According to a recent Daily Financearticle, parents with dependent children get better credits and deductions than most other groups of taxpayers. Among the top tax breaks that come with parenthood is a $1,000 tax credit for each child that is under the age of 16. In addition to a tax credit just for having a child, parents can receive a tax credit of up to $6,000 for their child-care expenses.

Read the entire article to learn about three other significant tax breaks parents can take advantage of when they file their 2014 taxes.

Image credit: jwthompson2