Top tax deductions you may be entitled to take before IRS filing deadline on July 15 investinyou (In partnership with acorns.)
allows you to claim a credit of up to $3,000 for each qualifying individual, and $6,000 for two or more qualifying dependents, such as a disabled spouse, or parent for whom you provide caretaking. It's an especially valuable credit for so-called "sandwich generation" people who are caring for both kids and aging parents.
is permitted for qualifying expenses leading to the adoption of an eligible child. It is fully available to those with a MAGI below $211,160, and phases out above that up to a maximum income of $251,160.is an excellent tool for many low-to-moderate income earners, especially those with children, as it can provide a tax credit of up to $6,557 if you have three or more qualifying children.
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