To counter the high costs of raising children, Congress has sprinkled various breaks for parents throughout the tax code.

But you need to know where to look and to compare benefits. Funding a flexible-spending account for child-care expenses through your employer-benefits program might save you more than claiming the dependent-care tax credit. Education credits for college or job-skills classes are among the most overlooked, according to the IRS. If your child has unearned income, study up on the “kiddie tax.”

Tax season can be a stressful time of year for many individuals and businesses. Filing your tax return accurately and on time is not just a legal obligation but also essential to avoid potential consequences. However, some might wonder what happens if they don't file a tax return.

In this blog, we'll explore the repercussions of failing to file your taxes and why meeting your tax obligations is crucial.

What’s a mother to do when her expertise involves the U.S. tax code? Yes, as Benjamin Franklin pointed out, taxes are one of life’s two certainties, and they touch every facet of our lives. Tax knowledge is highly useful.   

For most Americans, buying a home is the biggest investment they will make. There are ways to make it less taxing.

Hope springs eternal for sports bettors​, as they typically expect to break even on future wagers even when they have consistently lost money in the past. 

Now we know roughly how overconfident many gamblers are. A new study by Stanford University researchers finds that the average online sportsbook customer expects a gain of 0.3 cent for every dollar wagered. In reality, sports bettors lose an average of 7.5 cents per dollar wagered, reflecting “widespread over-optimism about financial returns,” according to Matthew Brown, a Stanford doctoral student and lead author of the study.

Good luck getting a safe-deposit box.
 
Longtime deposit-box renters are getting kicked out of their boxes by banks that are shutting down or scaling back the service. Customers say they have been struggling to find the small boxes traditionally kept inside vaults to store family heirlooms and other valuables.