1. Tax Benefits Of Parenthood

    Tax Benefits Of Parenthood

    Congratulations! You have just been handed your first little bundle of joy in the hospital and have embarked on the long journey of parenthood. It is a trip full of joyful experiences that make the corresponding aggravations worthwhile, and it comes with many benefits — some of which are tax-related. You can look forward to taking advantage of these child-related deductions and benefits. Standard Exemption – Every child that you can claim as a dependent decreases your taxable income.

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