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Tax Credit Consulting: Family Tax Credit Juneau AK

The tax laws have often been used to support social customs that are deemed in the best interest of society. The Government has a stake both in helping families and caring for children.

Hutton & Hauber Tax & Accounting Services Inc
(907) 789-3091
9340 Glacier Hwy
Juneau, AK
 
H&R Block
(907) 789-9898
3017 CLINTON drSTE 100
JUNEAU, AK

Data Provided by:
Mr. Micah Vincent Shilanski (RFC®), CFP, CSA
(907) 278-1351
431 W. 7th Avenue Suite 100
Anchorage, AK
Company
Shilanski & Associates, Inc.
Qualifications
Years of Experience: 9
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, CommOptions, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Education Plan, Healthcare Accounts, BuySell

Data Provided by:
H&R Block
(907) 789-9898
3017 CLINTON drSTE 100
JUNEAU, AK

Data Provided by:
Liberty Tax Service
(866) 871-1040
2207 E Tudor Rd # 35
Anchorage, AK

Data Provided by:
Hauber & James Tax & Financial Services Inc
(907) 789-3091
9340 Glacier Hwy Ste 43b
Juneau, AK
 
Logan General Tax Practice
(907) 789-3894
2245 Jordan Ave
Juneau, AK
 
H&R Block
(907) 336-1477
9220 LAKE OTIS pkwy UNIT A-1
ANCHORAGE, AK

Data Provided by:
H&R Block
(907) 338-4848
7731 E NORTHERN LIGHTS BLVD
ANCHORAGE, AK

Data Provided by:
H&R Block
(907) 222-2637
1120 HUFFMAN rdSTE 23
ANCHORAGE, AK

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Tax Credit Consulting: Family Tax Credit

Family Tax Credit

The United Kingdom offers several tax credits that are designed for working family and their dependent children. The United States does not have a similar Family Tax Credit, but rather uses the Earned Income Credit for the same purposes.

In the United Kingdom, there is a specific tax credit that is called the Family Tax Credit. It is also known as the "Working family tax credit" and is associated with a Child Tax credit. The United States relies more on the Earned Income Credit (EIC) to deal with the issue of tax relief to low income working families. The Earned Income Credit is just one credit, and indeed deduction, that could be classified under the general heading of Family Tax Credits.

Some States, Minnesota is one; offer a tax credit from State Income Tax that is called a Family Tax Credit. This credit is available for residents who have already qualified and filed for the Earned Income Credit. Other States have various credits that are designed to encourage and support working families or families with special needs.

The tax laws have often been used to support social customs that are deemed in the best interest of society. The Government has a stake both in helping families and caring for children. Children who are properly cared for within a family setting are going to be much less of a social and financial burden on the country than children who become wards of the State. This is why many States offer tax credits that tend to ease the tax burden on families with children.

Many federal tax credits could be considered family tax credits, such as the credit to a business that maintains facilities and staff for employer sponsored child care for working parents. This is just one of many examples of the types of tax credits that have strengthening of families as a goal. This is especially true of working families. The Welfare-to-Work credit is designed with the idea of moving people, even those with children, from the welfare roll...

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