Tax Guide

Get answers to all your questions about taxes, personal finance, insurance and more.

Taxes for Families

When you're no longer on your own as a single taxpayer, your family tax return will naturally be a bit more complicated. But that's usually a good thing, because it probably means you'll owe less tax.

Step 1. Add Your Family to Your Tax Return

It all starts with who's actually on the return. If you’re doing your taxes with 1040.com, there are two screens that take care of getting everyone present and accounted for:

  • The Name & Address screen is where you enter yourself and your spouse.
  • The Dependent screen is for your children and anyone else you’re claiming as a dependent.

Tax Law Update: Beginning with 2018 returns, the personal exemption has been eliminated in favor of a much higher standard deduction. For 2017 returns, the personal exemption was worth $4,050 for each person on your return, which reduced your taxable income. The change was part of tax reform legislation passed in 2017, which you can find more out about in the Tax Reform 101 section.

See also:
Who Can You Claim as a Dependent?
Claiming a Parent as a Dependent
Claiming a Child When You’re Divorced or Separated

Step 2. Get the Credit(s) You’re Due

Next you’ll want to take advantage of any special credits that you’re eligible for. We cover some of the biggest ones here:

Child Tax Credits
Adoption Credit
Child and Dependent Care Credit

Step 3. Account for Special Situations

Family life has lots of wrinkles – special situations where you’re just not like most families. Thankfully, you have options and tax breaks that can help a lot. See these pages for more information:

Tax Breaks for Foster Parents
Marriage, Divorce and Taxes
Claiming Dependents for Head of Household and the Earned Income Credit
Reporting Alimony and Child Support
Filing as a Widow or Widower

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