Claim tax credits to save retirement
In addition to your annual tax return, you might qualify for a number of tax credits.
Among them are child tax credits worth up to $2,000 per child and
Dependent care tax credits worth up to $3,000.
Due to the American Rescue Act's expiration, temporary measures
Were not extended, resulting in a decrease in benefits.
In those cases, you can save some of the money for retirement if you are eligible for them now.
The benefits of Social Security for children
The average monthly payment to 4million children with retired, deceased,
or disabled parents was $2.8billion in 2021.
As a result of these benefits, children were able to complete their education and obtain necessities.
When a family member becomes disabled or dies, Social Security aims to stabilize the family's financial future.
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