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.
Couples in the midst of a Massachusetts divorce often face difficult decisions regarding taxes. One of them is whether to file a tax return as "married filing jointly" or "married filing separately." This article briefly examines the factors to consider in making what could prove a critical choice during a divorce.
Massachusetts grandparents who work and are also raising grandchildren might benefit from the earned income tax credit. The IRS encourages these grandparents to find out, not guess, if they qualify for this credit. This is important because grandparents who care for children are often not aware that they could claim these children for the EITC.