The government wants to look benevolent by giving families with kids a little tax relief. Generally, you claim $1,000 credit for each kid under 17 ("minor"). However there are limitations. If your AGI is too high (exceeds the $55,000, $75,000, or $110,000 limits), the government figures you have enough money to take care of your kids for now, and your credit will be phased out.
All right! Now go have some kids. And kick the kids that are over 18 out the house.
All right! Now go have some kids. And kick the kids that are over 18 out the house.
No comments:
Post a Comment