What Parents Should Know About Children and Taxes

What Parents Should Know About Children and Taxes
AP Photo/Jon Elswick

IF YOU EVER WISH YOU could get your kids to help out more around the house, at least they do their part when it comes to tax time. Which is fair. You give your kids shelter; the least they can do is act as a tax shelter.

In other words, play your cards right, and your kids may help you reduce your tax bill.

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