Child tax credits lower your tax bill

We know that you did not have your children simply to lower your taxes each year; however, there are tax credits available only to parents under the current tax code.  Although these tax credits will not come near the amount that it actually costs to raise a child, they do help parents lower their tax bill to receive higher tax refunds.  How you choose to use your tax refund is up to you; however, contributing to a college savings plan will also help you lower your tax bill next year too!

Make sure that you are taking advantage of all the tax credits available to parents by reading “The Parent Tax Credit.”

Image credit:  Jeff Sandquist (license)