Maximizing Tax Benefits for Dependents: Essential Considerations
Exploring Tax Breaks and Strategies for Dependent Care
Tax planning is a crucial aspect of Disability Planning. Understanding the available deductions, credits, and other tax considerations can alleviate some of the financial burdens associated with caregiving while maximizing available resources. In March I’m focusing on key tax planning considerations for parents and professionals who care for individuals significantly impacted by disabilities.
This week my focus is on what you, as a parent and/or caregiver, can do to lessen your tax burden. As a reminder, I am not an accountant and this is not meant as tax advice. I encourage you to work with your tax preparer to see which, if any, of these benefits are right for you.
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