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Possible tax relief for Texas parents

Although being a single parent presents additional challenges, there are some tax benefits that come along with such a status. For instance, it may be possible to file as head of household. This designation is available for those who earn more than half of the household income and have their kids for more than six months out of the year.

Parents who make less than $46,997 and have three or more kids might qualify for the earned income tax credit. This credit may also be available to those who have two or fewer kids, depending on income. The maximum credit available is $6,143. Parents who are going to school or have a full-time job may be able to earn tax credits for child care expenses. It may also be possible to put money into a tax-sheltered account to help pay for such expenses.

Single parents may be able to claim their children and earn additional exemptions and credits. Each child may be worth up to $3,950 in exemptions, and an additional $1,000 may be available as a tax credit. This credit is available for children under the age of 16 living with parents with an adjusted gross income of less than $75,000.

Raising a child can be difficult for those who are doing so on their own. Therefore, it may be beneficial to seek the guidance of a family lawyer to determine what help may be available. A lawyer may be able to give advice as to which tax credits are available as well as other options to help pay for child care. Counsel may also be provided as to how the other parent may be compelled to provide financial or other assistance in raising the child after a divorce.

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Bruce Turner

In addition to his law degree, Bruce Turner has a master's degree in tax law and is Board Certified in Commercial Real Estate Law by the Texas Board of Legal Specialization.

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Turner, Bruce E.
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Bruce Turner with Bennett, Weston LaJone & Turner, P.C.

Attorney Bruce Turner is located in Dallas and represents people and businesses throughout DFW and the Metroplex, including Denton, Carrollton, Lewisville, Flower Mound, Farmers Branch, Irving, Las Colinas, Corinth, Highland Village, The Colony, Plano, Frisco, Allen, McKinney, Mesquite, Grand Prairie, Garland and Grapevine as well as Collin County, Denton County and Dallas County in Texas.

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