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10 Tips for Getting the Biggest Tax Refund

        Money | Taxes

6
Don't Forget Familial Obligations
Those taking care of children or aging parents are entitled to deductions.
Those taking care of children or aging parents are entitled to deductions.
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Taking care of kids (and these days, aging parents) can rack up huge expenses. Did you know many of those expenses are deductible? Fortunately, you can deduct dependent care, or the costs associated with taking care of your dependent children and parents.

Another family expense that you can deduct is alimony. While child support isn't deductible, alimony is.

Healthcare expenses for the family can be deductible, too. You'll want to consult a tax professional to find out what types (and what percentage) of healthcare expenses can shave down your tax bill and positively affect your total refund.


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