Don’t-Miss Tax Breaks

Monday, 26 March 2012, 8:15 | Money, Money Talks | 0 Comment | Read 199 Times

You work hard for the money—then there’s taxes. Be sure to get back what you’re entitled to by focusing on mom-friendly deductions, says CPA Laura Ross, a partner with Harb, Levy & Weiland in San Francisco. Here’s your last-minute tax return reminder.
Helpline #7


Child Care Credit

This may be available even if you use a workplace flex spending account (FSA) to pay for child care expenses for kids 12 and under. Depending on your income and child care costs last year, you may be eligible for a credit of up to $1,050 for one child, maximum of $2,100 for two or more kids.

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