Episode 135: Tax Breaks for Families with Children

Although we are slowly coming out of the pandemic, nobody knows when it will be over, especially with the delta and lambda variants out there. People are still hurting economically, especially couples with children. Even if they're back to work, childcare costs can really eat into the increased income. That's why in this episode of the podcast I wanted to talk about two tax breaks for families that can really ease the financial burden until we are fully out of the pandemic. Whether you need the money up front, in a big refund, or in a tax credit, these breaks can help! In this episode you will learn: How the Enhanced Child Tax Credit can help you How to get the money if you don't file a tax return Why you may want to opt out How to leverage the Child and Dependent Care Tax Credit