Standard Tax Deductions for Children?

Answer Adding a child to your family dramatically increases the amount of tax deductions and credits for which you are eligible. It is imperative that you are familiar with the deductions to take full adv... Read More »

Top Q&A For: Standard Tax Deductions for Children

Standard Meal Deductions?

Certain meal costs are deductible on federal tax returns in the United States. Taxpayers can deduct "actual cost" or use the "standard meal allowance." Either format limits the deduction to around ... Read More »

List of Standard Deductions?

The Internal Revenue Service allows taxpayers who do not itemize their income tax deductions to take a standard deduction. The standard deduction reduces the amount of taxable income, typically red... Read More »

What Are Standard Employee Payroll Deductions in California?

Everyone knows that your hourly wages are not exactly what you take home at the end of the week on your paycheck. However, there are different state laws regarding what can and should legally be de... Read More »

Why are there tax deductions for children?

Raising children is an expensive undertaking. The expense can be partly offset by tax deductions that are provided by the federal government. Several types of tax deductions and credits are availab... Read More »