Here is another reason to have kids besides their sweet faces (and another way to help pay their allowances) – The child tax credit. You can get up to $1000 in credit for each kid under 17 and it can be refundable. This link to the IRS website talks about the credit:
http://www.irs.gov/newsroom/article/0,,id=106182,00.html
Any questions? Call me at 818-317-6035 or email me at bstonercpa@ancglobal.net and we can discuss them.
You can count on us to count for you!