Taxes
Tax Credits Parents Can Claim This Year
Parents in the U.S. can typically claim several valuable federal tax credits for the current tax year, mainly through the Internal Revenue Service (IRS) on your Form 1040.
The most common ones are the Child Tax Credit (CTC), the Additional Child Tax Credit (ACTC, the refundable part of CTC), the Child and Dependent Care Credit, and the Earned Income Tax Credit (EITC) if you work and have low to moderate income.
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