Melissa is an exceptional partner in regional economic development. Her ability to coordinate seamlessly with Alliant Energy ensures that Winnebago and Worth counties are always positioned for growth. She is proactive, deeply knowledgeable, and highly collaborative- bringing her into a project early is a guarantee that things will move forward efficiently and successfully.
— Chad Hansen , Alliant Energy
5 Tax Breaks For Parents That Can Make A Big Difference
28 Apr 2021
News
Raising a child is pricey—to the tune of almost a quarter of a million dollars over the first 18 years, according to the USDA’s most recent figures. Luckily, the IRS provides some tax breaks to help families with these enormous costs.
In 2019, a family qualified for an average tax credit of up to $4,879 for the earned income tax credit (EITC) and child tax credit (CTC) alone, according to data from the IRS and the Tax Foundation. A tax credit not only helps reduce the amount of money you owe taxes on, but some tax credits help generate a tax refund. If you are a parent or guardian and are looking for ways to cut the expense of raising a kid, here are five tax breaks you may be able to claim.
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