Many Massachusetts parents claim the child tax credit to help offset the cost of raising children. Tax reform legislation enacted last year made changes to that credit. Here are some important things for taxpayers to know about the changes to the credit.
Whether or not they realize it, Massachusetts parents of only daughters may be harboring an unconscious bias.
$216,000. That's what a 4-year degree at a Massachusetts state college is estimated to cost in 2035, assuming tuition continues to increase at the current annual rate of six percent. Send your Massachusetts kid to a private institution instead, and you can expect to shell out as much as $484,000 ⏤ a number so outrageous that you'd be forgiven if, upon reading it, you decided to skip saving for your kid's education altogether. Why bother?
The decision to save for your Massachusetts' kid's college education seems like a no-brainer. Considering how expensive tuition is these days (the average cost for a degree at a four-year private college is $138,960, according to the College Board), parents capable of doing so want to put money aside to secure their child's academic and eventually professional future and to help their kids avoid student loan debt.
Massachusetts kids are expensive, but while conventional wisdom usually suggests that they'll cost the most when they're small, a new survey is suggesting that isn't exactly true. In actuality, most parents say quite the opposite, as the survey found that parents actually spend way more money on their adult children than they do on babies.
Having kids is seen as an integral part of a Massachusetts' married couple's life; it marks the transition from just marriage and living together to, well, being parents. It's a shift that's been explored in pop culture for ages now, because it's come to symbolize the moment that your family really begins to form.
A Massachusetts divorce can be a difficult situation for every couple. Regardless if you've been married a few years, or a few decades, dealing with the mental and physical situations that arise from a divorce is never going to be easy.
Important to keep in mind that Massachusetts divorced parents are still in a relationship, frequently lasting many years. But just because a couple didn't get it right while married, they can still have a respectful parenting relationship after divorce, right? Not very often. With all the bitterness and anger surrounding divorce, children frequently become POWs in the civil war of a custody battle.
Definitions of a "good Massachusetts father" are as varied as there are goodfathers, but one thing everyone agrees with is that a good father is a responsible person. A father takes care of his children and keeps, to the best of his abilities, the world around his children in working order. Responsibility is the backbone of parenting, and in a society such as ours, where definitions of masculinity are entwined with notions of leadership and authority, a father is expected to leave no loose ends, nothing overlooked.