What tax benefits are available for single parents?
Single parents can benefit from several tax credits, such as the Child Tax Credit and the Earned Income Tax Credit.
How do I qualify for the Child Tax Credit?
To qualify for the Child Tax Credit, you must have a qualifying child under 17 and meet certain income requirements.
Are there any deductions I can claim as a single parent?
Yes, you can claim deductions for childcare expenses, education costs, and even certain medical expenses.
What if I share custody with my ex-partner?
If you share custody, only one parent can claim the Child Tax Credit for a child in a given tax year, so you'll need to coordinate.
Can I get help with filing my taxes?
Absolutely! Many organizations offer free tax assistance for single parents, and you can also consult a tax professional.
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