Tax Tips for New Parents
Tax Tips for New Parents: How to Maximize Your Savings Congratulations! Bringing a child into the world is a joyous and life-changing event. However, it also can come with a significant financial burden. New parents can take advantage of various tax breaks to alleviate some of the financial strain. Let's explore essential tax tips that can help new parents optimize their savings and take advantage of available credits and deductions. Obtain a Social Security or Individual Tax Identification Number: Parents must obtain...