Press Releases
 
Tax Preparer Reveals the Tax Benefits of Dependents

The tax preparation expert and author lists the various benefits of claiming children and dependents on tax returns, in an article published at Do It Yourself Online.

USA, 3 January 2018 -- Traverse City Tax Preparation Planner Frank Ellis discusses the tax benefits of dependents in a Do It Yourself Online article. The author explains that kids can be a plus during tax time. He then details several exemptions and tax credits that taxpayers can take advantage of.

Ellis first mentions the Dependency Exemption. This reduces the income subject to federal taxes. The actual amount reduced depends on the tax bracket one is in. A couple of these are identified in the article. The Child Tax Credit, which reduces taxes dollar for dollar, is listed next. The value of the credit and how married couples can benefit are mentioned.

Also, the author talks about the Child and Dependent Care Credit. He explains who qualifies and how much of one’s expenses can be claimed as a reduction of taxes. The percentage of expenses reduced also depends on income levels. Taxpayers with children in daycare, private kindergarten, and nursery school and other situations qualify.

A few points about the Earned Income Tax Credit are explained and listed. Both W-2 employees and self-employed individuals qualify for this. Depending on the tax situation, the threshold varies. Those who file for this credit must make less than a specific amount for that tax year.

After listing the few items that can help parents, the author provides a link to TurboTax software, so they can identify tax credits that apply to them by answering questions. He also reveals a satisfaction guarantee and the ability to get the largest refund possible. Software options and means to file state and federal tax returns are mentioned too.

To learn more about the tax benefits of having children and dependents, go to http://easydiyonline.webs.com/dependents-tax-benefits.

About Frank Ellis

Frank Ellis is a Traverse City Tax Preparation Planner and published author. He has written tax and finance related articles for eight years and has published over 900 articles on leading financial websites.

Contact Information
Frank Ellis
Do it Yourself Online
945 East 8th Street Suite A
Traverse City, Michigan 49686
Website: http://easydiyonline.webs.com/



# # #


Submitted by datwriterguy on Wednesday, 3 January 2018 at 10:48 PM
Category: Business
 
Related News

Global Corrosion Inhibitors Market is expected to reach US$ 9.1 Bn by 2025 Credence Research
Friday, 19 Jan 2018

Trying to grow your business? Think about updating your merchant processing!
Friday, 19 Jan 2018

Using CSS Transitions - SlideUp and SlideDown
Friday, 19 Jan 2018

Chic ways to deck up the fabric sofa in your living
Friday, 19 Jan 2018

How To Prepare A Set Of String Lights For Totally New Season
Friday, 19 Jan 2018

Related Events

London Blockchain Week 2018
Friday, 19 Jan 2018

New York MBA Event - Meet Top US and International Business Schools
Saturday, 20 Jan 2018

New York Masters and PhD Fair
Sunday, 21 Jan 2018

Advancing Construction Claims 2018 Conference Atlanta, GA
Monday, 22 Jan 2018

Palo Alto Networks: Virtual Ultimate Test Drive - Next Generation Firewall - Jan 22, 2018
Monday, 22 Jan 2018

Latest News

Postmenopausal Vaginal Atrophy Treatment & Drug Market Trends with Forecast Upto 2019
Friday, 19 Jan 2018

Global Corrosion Inhibitors Market is expected to reach US$ 9.1 Bn by 2025 Credence Research
Friday, 19 Jan 2018

Trying to grow your business? Think about updating your merchant processing!
Friday, 19 Jan 2018

Using CSS Transitions - SlideUp and SlideDown
Friday, 19 Jan 2018

Chic ways to deck up the fabric sofa in your living
Friday, 19 Jan 2018

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Friday, 19 January 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Light to Night Festival
  • EDGE Endourology & Enucleation Symposium 2018, Scottsdale, Arizona
  • Mexico Caribbean Adventure
  • 2018 Progress and Controversies in Gynecologic Oncology Conference
  • London Blockchain Week 2018

  • Latest Jobs
    Sorry, there are currently no entries posted here.