childcare costs

  • Photo of The 2020 W-4 Changes: How Will It Impact Your Paycheck and Refunds?

    The 2020 W-4 Changes: How Will It Impact Your Paycheck and Refunds?

    Before sending out paychecks, a company is required to withhold payroll taxes for its employees. The amount is based on the federal withholding rate, minus “allowances” (i.e. credits or deductions), such as childcare expenses. Working individuals report these allowances on the Form W-4. However, the IRS is changing paycheck withholding rules because the 2019 W-4 filings created a lot of…

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  • Photo of Should You File Jointly or Separately?

    Should You File Jointly or Separately?

    Most married couples file their taxes jointly. This approach enables them to combine their income and utilize larger deductions or tax credits. For instance, the married filing separately child tax credit is much more limited in comparison to a joint return. Above all else, when you decide whether to file jointly or separately, it is important to keep in mind…

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  • Photo of What to Expect When You’re Expecting: The True Cost of a Child

    What to Expect When You’re Expecting: The True Cost of a Child

    he decision to have a child is a very personal one, and it's imperative to consider all aspects that having a child carries. One important thing you may be considering is: Can I afford to have a baby? Kids can be expensive, and they tend to require more or less money at different points of their life. These "economic stages,"…

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