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Parents may seek tax breaks on everything from child care to educational costs and even supplies, in some cases.
If you are paying someone to take care of your children or another person in your household while you work, you might be eligible for the child and dependent care credit. This credit "gives back" a portion of the money you spend on care, and can reduce your tax bill by hundreds or even thousands of dollars.
Few realizations are more painful to a taxpayer who's just filed a tax return than realizing that you forgot to include a deduction that would have lowered your tax bill or increased your tax refund. In the rush to get your tax return completed by the deadline, it's all too easy to miss avenues that might lower your taxable income. Here are some of the deductions that many overlook