Posts Tagged ‘deductions’

Income Tax Deductions and Childcare

Sunday, June 28th, 2009

It is imperative to know that the federal government issues a reduction of your taxes in three different ways.

• When you have a dependent child / children, your taxes can be lessened. A dependent is any person of minor age who is living with you for more than half of the year. In addition, a dependent is one whom you give a half of your expenses to provide his or her needs.
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