Tax pros say there are a few tips parents should keep in mind when filing their tax returns this year. The child tax credit is lower than in recent years, but it's still up to $2,000 per child. And it can be claimed alongside your standard deductions to reduce your total tax bill. Congress has been looking at expanding the child tax credit, but experts say you shouldn't wait to file because it's not clear if or when that will happen. You should also make sure your children all have Social Security numbers before you file.
NEW YORK — There are a few tax tips parents of children 17 and under should keep in mind before filing, tax pros say. Here’s what to know: Child tax credit The child tax credit has reverted lower for 2023 than in previous years, when it was expanded due to
Tax pros say there are a few tips parents should keep in mind when filing their tax returns this year. The child tax credit is lower than in recent years,