Your taxable income is the portion of your income subject to federal tax, and it’s important for several reasons. To start, your taxable income amount determines your tax bracket and marginal tax rate ...

The Child and Dependent Care Credit applies to children who are younger than 13 when the day care is provided Expenses associated with sending children to an overnight camp would not qualify for the ...

The Child and Dependent Care Tax Credit can reduce your tax liability based on eligible care expenses for children or dependents. The idea behind the credit is that you and/or your spouse can either ...