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Tax Credit Tips for Single Parents and Child Care Deductions
The New Mexico Society of CPAs notes single parents like Maria can lower taxes through the child care tax credit and deductions for alimony child custody and child support. Paying a caregiver, commuting costs between jobs, and buying and cleaning uniforms can reduce tax liability, with at least 480 dollars credit for one child and 960 for two or more.
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New Mexico Society of Cpas
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