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Vote for the Cutest Little Last-MinuteTax Deduction

It's time to vote for the TurboTax Cutest Last-Minute Tax Deduction contest. In the past two months, TurboTax received over 300 beautiful baby photos from across America. If you haven’t already checked out the site, go to www.CutestTaxDeduction.com to VOTE for the finalists.

Don't forget that there are still a bundle of tax deductions that come with a new bundle of joy. For example, a baby born in 2008 could deliver a $1,000 child tax credit. That’s a gift that keeps on giving until they turn 17. Be sure to file a new W-4 form with your employer to claim an additional withholding "allowance which may help boost your take-home pay. Also, consider taking advantage of childcare reimbursement (flex plans) at work that let you divert up to $5,000 a year into an account to help pay for child care bills.

For more information on maximizing your deductions, go to
http://turbotax.intuit.com/

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posted by The Mom Salon Editors @ 11:21 AM,

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