Tax Tips for a New Baby


The new addition to your family is likely to be one of the most joyous events in your life. However, it may also be the most expensive.

With the average cost of raising a child increasing rapidly, you'll want to be sure to get a handle on some of the tax benefits of having a baby.

Your resource on tax filing
Tax season is here! Check out the Tax Center on AOL Finance for all the tips and tools you need to maximize your return.
Top 8 Year-End Tax Tips
Learn these top 8 year-end tax tips in order to maximize your tax refund or minimize the taxes you owe.
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Know the Key Dates for Health Care Reform
The Affordable Care Act (ACA) open enrollment periods vary from year-to-year, but are expected to continue to be late in fall to early winter. Being aware of health care reform key dates can mean avoiding tax penalties for remaining uninsured.
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Great Ways to Get Charitable Tax Deductions
Generally, when you give money to a charity, you can use the amount of that donation as an itemized deduction on your tax return. However, not all charities qualify as tax-deductible organizations. While there are many types of charities, they must all meet certain criteria to be classified by the IRS as tax-deductible organizations. There are legitimate tax-deductible organizations in many popular categories, such as those listed below.
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Capital Gains and Losses
What is a capital asset, and how much tax do you have to pay when you sell one at a profit? Find out how to report your capital gains and losses on your tax return with these tips from TurboTax.
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