You May Keep Your Dependent On Your Insurance for 26 Years
Tweet Because of changes enacted by the Affordable Health Care Act, health care coverage for an employee’s children, through age 26, is generally tax-free. Employees who are eligible to contribute to cafeteria plans are allowed to make pre-tax contributions to pay for this expanded benefit. The IRS considers a child to be one’s son, daughter, […]
Child and Dependent Care Expense Tax Credit
Did you pay someone to care for your child, spouse, or dependent last year? If so, you may be eligible for the Child and Dependent Care Expense tax credit. Below are a few things you need to know: The care must have been provided to a qualifying person, which is defined as: Your child, age […]