Search Results for: tax benefits
Nursing Mothers Granted Tax Break
Great news! Nursing moms are getting a new tax break from the IRS for breast pumps and other supplies. The same proposal was rejected last year because the IRS didnt think breastfeeding had enough benefits to be considered medical care. But, the American Academy of Pediatrics and other breastfeeding advocates fought for the proposal, citing the many long-lasting health benefits of breast milk. The IRS has changed their tune and will now allow mothers to count the cost of breast pumps and other supplies as a medical deduction.
Mommy’s Little Tax Deduction (What You Need To Know to File)
For so many mothers, the words tax and return fill them with absolute dread every spring. Even Albert Einstein joked: The hardest thing in the world to understand is the income tax.Though, with all due respect to the guy who developed the theory of relativity, Ive got to disagree on that one.
Tax Information on Childcare Deductions on a Tax Return
Too many parents don’t claim their full tax deductions for babysitting and related childcare expenses, according to Kiplinger. In some cases, at least one parent can cut their tax liability by hundreds of dollars. However, the Internal Revenue Service requires that interested parents not only practice careful record keeping in order to qualify for such deductions but also mandates that only certain types of childcare can be deducted for tax purposes. Learning the basic qualifications associated with dependent care tax deductions might save you money as well as unnecessary tax-related drama.
Shiloh Jolie-Pitt’s Name Change: What Parents Need to Know
This week, social media is buzzing with the news that Shiloh Jolie-Pitt, daughter of Angelina Jolie and Brad Pitt, has filed a request to legally drop "Pitt" from her hyphenated surname on her 18th birthday this month. Shiloh’s decision has ignited a plethora of reactions online, from fiesty discussions about “Brangelina” family dynamics, celebrity relationships…
Five BIG Money Mistakes Women Make in Divorce
More than half of all divorced women fear they will end up a “bag lady.” Even high net-worth women are concerned they’ll run out of money and won’t be able to support themselves or their families. I get it: I’ve been there. Living through my own divorce — and advising the numerous women with whom…