Tax day: 8 top tax breaks for parents on tax deadline

As tax deadline looms, parents are looking for as many tax breaks as possible.

3. Earned income tax credit

Earned income tax  credit. This is a credit for working families subject to income limitations – ie, if you make a high salary you probably won’t get it. The EITC is a refundable credit, which means that even if it exceeds the taxes you owe, you still get money back. This isn’t only for families with kids, but children make you more likely to qualify.

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