If you can't claim the full Child Tax Credit because you owe less tax than the available credit, you may be able to claim the refundable Additional Child Tax Credit.
Unlikealimony (sometimes called spousal support),the payment of child support is not tax deductible for the payor and it is not charged as income to the payee. In other words, the parent who pays child support to the other is not entitled to a tax deduction for payments made, and the pa...
If you're paying for a dependent child's college, you may be eligible for the American Opportunity Tax Credit of as much as $2,500. Tax Credit A direct reduction in tax liability, subtracted from what you owe, often based on specific actions or circumstances. How claiming a dependent ...
Now, if I file a tax amendment, is there any way I can get some tax exemptions for this per diem money. Otherwise I might end up paying huge taxes for the per diem money now. Please help. Thanks SmartCapitalMind, in your inbox ...