10/16/2026
Kids are expensive! 😂💸 But are you missing out on these tax benefits worth THOUSANDS? 👀👇🏽
💰 1. Child Tax Credit: Up to $2,200 per qualifying child under age 17.
👶 2. Child & Dependent Care Credit: Up to $1,500 for one qualifying person or $3,000 for two or more in 2026.
💵 3. Earned Income Tax Credit (EITC):
• 1 qualifying child: Up to $4,427
• 2 qualifying children: Up to $7,316
• 3+ qualifying children: Up to $8,231
🏦 4. Trump Accounts: Eligible U.S. citizen children born in 2025–2028 can receive a one-time $1,000 federal contribution. Families can generally contribute up to $5,000 annually.
🎓 5. 529 College Savings Plan: No federal deduction for contributions, but earnings and qualified education withdrawals are federally tax-free. State tax benefits may apply!
📌 These are 2026 tax-year amounts. Eligibility, income limits, and other rules apply. Not all benefits are tax credits or deductions.
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