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Consider the following scenario: A divorced couple with a child. The father pays child support payments to the mother, and the mother pays for daycare for the child. In this scenario, the mother gets the child tax deductions, and the father gets no deductions, yet both are paying towards the raising of the child.
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I plan to write articles for this site on a regular basis over the next
while, and these are some of the topics I plan to cover. If you have
any suggestions for additional topics you would like to learn about,
please contact me.
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A dollar saved is like five
dollars earned. It takes more effort to earn back that one dollar than
you think. You have to work to earn the money, and while you are doing
that you have other expenses to deal with...
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Did you know that your adult child/grandchild
can transfer their unused education deductions to you? If they forgot
to deduct these education deductions in past years they
can go back to previous years and transfer them to you
as well.
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