Families Will Get More In Tax Returns This Year
Tax season is here, so start gathering up those forms and receipts if you haven't already. But with the new year comes new tax laws that you need to be aware of.
2019 is bringing some changes (in a good way) to your tax refunds. According to The Motley Fool, The Child Tax Credit law has a big change:
If they qualify, the Child Tax Credit is worth as much as $2,000 per qualifying child. And, you can claim the credit for every qualifying dependent child you have. If you have three children under 17, for example, you could get a Child Tax Credit of as much as $6,000.
This is a major change and could help all parents. I know it will help us for sure. Our tax money has already been spent and we haven't even filed yet. If you have a big family, this new tax law will come in handy in 2019.
For more insight as to how to get the most out of your 2019 taxes, click on The Motley Fool website.