Tax Tips for Single Moms - TurboTax Tax Tips Videos If youaposre a single mom filing your taxes, make use of tax credits and deductions that can help reduce your taxable income and reduce the amount of tax you pay. The Effect of the Tax Cuts and Jobs Act on Single Parents Oct 2 20The change is actually favorable. The Biggest Tax Breaks in 20One of the biggest tax breaks on the books is for those who adopt children.
Tax Breaks for Single Parents - The Spruce Nov 2 20Filing as head of household on your tax return has two benefits for single parents. The standard deduction for a head of household filing for the 20tax year is be 1350. Secon youaposll also be able to claim a higher standard deduction. When you use TurboTax, weaposll ask simple questions and handle these.
Thataposs up from 13in 201 but that extra 2is really only an inflation adjustment.
Oct 1 20If you have children, there are several tax credits and deductions that will allow you to reduce your taxable income as a single parent.