{"id":2153,"date":"2015-02-10T14:42:34","date_gmt":"2015-02-10T19:42:34","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=2153"},"modified":"2015-02-10T14:42:34","modified_gmt":"2015-02-10T19:42:34","slug":"tax-benefits-for-parents","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=2153","title":{"rendered":"Tax Benefits for Parents"},"content":{"rendered":"

\"IRS<\/a><\/p>\n

While the 2014 income tax season has already begun, be sure to keep these tax breaks in mind if you are a parent:<\/p>\n

    \n
  1. Dependents – You may be able to claim your child as a dependent, earning you a $3,950 deduction for each person you can claim as a dependent.<\/li>\n
  2. Child Tax Credit – If you have a child that is under the age of 17, you may be able to claim up to $1,000 per child under the child tax credit.\u00a0 If you are unable to maximize the credit at $1,000, you may be able to claim the additional child tax credit.<\/li>\n
  3. Child and Dependent Care Credit – If you paid someone to care for your child while you worked or looked for work, such as daycare, you may be able to claim a credit for those expenses.<\/li>\n
  4. Earned Income Tax Credit – If you meet certain household and income guidelines, you may be able get a larger tax refund by claiming the earned income tax credit.<\/li>\n
  5. Adoption Credit – If you adopted a child, you may be able to deduct some of those costs.<\/li>\n
  6. Education Tax Credit – If you or your dependent attended school and incurred expenses because of that education, you may be able to deduct some of the costs of the education.<\/li>\n
  7. Student Loan Interest – If you or your dependent had a student loan and you paid interest on those loans, you may be able to deduct a portion of the interest paid.<\/li>\n
  8. Self-Employed Health Insurance Deduction – If you were self-employed and paid for your own health insurance, you may be able to deduct a portion of the premiums you paid.<\/li>\n<\/ol>\n


    \n<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    While the 2014 income tax season has already begun, be sure to keep these tax breaks in mind if you are a parent: Dependents – You may be able to claim your child as a dependent, earning you a $3,950 … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[267,296,689,348,302,17,131],"class_list":["post-2153","post","type-post","status-publish","format-standard","hentry","category-general","tag-attorney","tag-camron-hoorfar","tag-law-office","tag-law-office-of-camron-hoorfar","tag-tax-benefits","tag-tax-return","tag-taxes"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/2153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2153"}],"version-history":[{"count":1,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/2153\/revisions"}],"predecessor-version":[{"id":2154,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/2153\/revisions\/2154"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}