8 Tax Breaks Every Parent Needs to Know

Kids are expensive. It costs nearly a quarter million dollars to raise a child from birth to age 17, and that doesn’t even include college expenses. It certainly does seem like you’re constantly opening your wallet to pay for yet another thing your child needs.

Still, despite the costs involved in raising them, your children can also provide you with some much needed tax breaks to help defray some of those costs. These eight tax breaks are ones that every parent should know about.

ALSO READ: 5 Tax Breaks You Can Still Claim Now That Tax Reform Has Passed