Everything You Wanted To Know About State & IRS Taxes
The state capital of Nebraska is Lincoln. Nearly 23% of the population is under the age of 18. Many of the youngsters in the area are being raised by single parents. Knowing how to file taxes as a single parent is crucial.
If you need to file taxes as a single parent, it’s important to hire a tax relief professional in Lincoln, Nebraska. You may be able to deduct childcare costs, health care costs and even tutoring costs when filing taxes. There are numerous deductions available to parents, but many don’t know about them and miss out on taking advantage of them.
There are credits offered to parents to help diminish the amount that they have to pay in taxes. For example, the Child Tax Credit awards parents a specific amount of credit for each child that they have. The credit can only be claimed by one parent, so you need to be sure that you claim your child before the other parent does, if they are in the child’s life. If they claim the child first, the system will not allow you to get the credit again.
