If you had or adopted your first child in 2024, your taxes are about to get more complicated. Here's a guide to help you through it.

These credits include the child tax credit and child and dependent care credit that reduce your taxable income. Claiming a dependent can also qualify you as head of household, a more beneficial ...

That IRS form will also help you determine ... administration will prioritize the child tax credit's expansion. Note: The child and dependent care credit is aimed at working parents who need ...