For some parents, tax refunds aren’t just a bonus—they’re a financial lifeline, helping cover essentials like rent, car repairs, and medical bills. As the deadline approaches, a new data study reveals how child-related tax benefits vary across America.
For each state, researchers analyzed local tax return data from the IRS to find 1) the amount of child-related tax credits per return and 2) the percentage of returns claiming these credits.
Offer the Most Tax Relief for Parents
Utah - $2,744 child-related tax credits per return Idaho - $2,679 South Dakota - $2,650 Texas - $2,645 Alaska - $2,634
| Claim the Most Child-Related Tax Credits
Mississippi - 19.24% of returns claiming child-related credits Louisiana - 17.38% Arkansas - 16.03% Alabama - 15.36% Texas - 15.25%
|
Offer the Least Tax Relief for Parents
District of Columbia - $2,327 West Virginia - $2,345 Massachusetts - $2,350 Rhode Island - $2,367 Vermont - $2,376
| Claim the Fewest Child-Related Tax Credits New Hampshire - 5.32% Massachusetts - 6.33% Vermont - 6.47% Maine - 7.40% Colorado - 7.64%
|
Check out the link to learn more about the study
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