Magazine article Working Mother

Don't-Miss Tax Breaks

Magazine article Working Mother

Don't-Miss Tax Breaks

Article excerpt

you work hard for the money-then there's taxes. Be sure to get back what you're entitled to by focusing on mom-friendly deductions, says cpa laura ross, a partner with harb, levy & weiland in San Francisco. here's your last-minute tax return reminder.

Child Care Credit this may be available even if you use a workplace flex spending account (FSa) to pay for child care expenses for kids 12 and under. Depending on your income and child care costs last year, you may be eligible for a credit of up to $1,050 for one child, maximum of $2,100 for two or more kids.

medical and Dental expenses Fertility treatments (like in vitro) and a vasectomy for your partner may qualify for tax breaks. plus, breast pumps are tax-deductible medical expenses if not reimbursed through an FSa. But medical and dental expenses have to exceed 7.5 percent of your adjusted gross income (agi) to claim.

Job-Hunting Costs these are deductible if you search for work in your current industry-after the first 2 percent of income paid out. …

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