Browsing: Child's First Income Tax Return

In order to help your child become more independent and responsible as he or she approaches adulthood, you must make several milestone decisions. You may not anticipate that you will have to file your child’s first income tax return, but it will be an important part of their growing-up experience. In spite of the IRS’s extensive website for educators (titled Understanding Taxes), most students aren’t taught how to file taxes in school. There are a variety of reasons for this, from a lack of funding and a lack of student interest to a general failure by the education system to…

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