Tax-deductible credits and deductions for single parents

In our society we have witnessed an unfortunate shift in family dynamics... In 1947 the average family consisted of 2 parents and 2 children. Now that statistic has shifted dramatically,…

Tax-deductible credits and deductions for single parents

$41,952 ($47,162 married if filed jointly) with two eligible children

Tax-deductible credits and deductions for single parents

$36,920 ($42,130 married if filed jointly) with one qualifying child

Tax-deductible credits and deductions for single parents

$13,980 ($19,190 if spouses file together) with no qualifying childrenFiscal year 2012 maximum credit:$5,891 with three or more eligible children

Tax-deductible credits and deductions for single parents

$5,236 with two eligible children

Tax-deductible credits and deductions for single parents

$3,169 with an eligible child

Tax-deductible credits and deductions for single parents

$475 without eligible children

Tax-deductible credits and deductions for single parents

Investment income must be US$3,200 or less for the year.Claiming College Students as Dependents: If your children go to college, you can still claim your child as a dependent as…

Tax-deductible credits and deductions for single parents

Thanks to Greg T Holbert | #Taxdeductible #credits #deductions #single #parents