The withdrawal policies for the 529 plan have changed over the years. From once a relatively restrictive definition of "Qualified Higher Education Expense" or QHEE, it has...
A taxpayer who adopts a child may meet all requirements for the adoption tax credit. People qualify for the adoption tax credit they adopted a ward and paid out-of-pocket costs identifying...
Posted by Debi G Hill, CPA on 08/26/2019
In 2018, for all qualifying adoption expenses up to $13,810 taxpayers can receive a tax credit. The maximum credit is indexed for inflation. Up to the same limit as the credit, taxpayers...
Posted by Flynn Financial Group Inc on 06/04/2019
When you have a child with special needs, there can be plenty of concern regarding their care when the parents or other family members are no longer able to care for that child, due...
When it comes time to expand your family, adoption can be a viable option to make that situation a reality. However, it can also be an expensive process that may take several years...
The Internal Revenue Service has tax benefits for military families with and without children due to their special circumstances. As such if you are from a military family, you...
People generally try to include as many deductions as possible in their tax return forms so that they have to pay as less as possible. If you have a family member with special needs,...
Posted by Stephen Elmore on 11/30/2015