Got kids? Are they costing you a fortune?

Of course they are. We all know how expensive it is to raise children. So you should be sure to take advantage of all available tax incentives for parents. These incentives can be very valuable. For example, education credits can reduce your taxes by as much as $2,500 per student per year;  the Earned Income Credit (“EIC”) can reduce your taxes by as much as $6,044 for 2013. (Still, the IRS estimates that millions of eligible taxpayers do not claim the EIC every year.)

You can read about these tax savings opportunities at the IRS website.

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