Category Archives: family

Parent Tax


All parents should know about the parent tax.  If you don’t, well, you are missing out of an important piece of the tax codes. I don’t have the exact text of the rules in front of me now, but it goes something like this:  Parents are entitled a percentage of their kids’ desserts.  The exact percentage is variable depending on the delectibility of the dessert.  50% is not unreasonable.  I probably do not need to point this out, but obviously, this is another case where tax law favors those with more kids.

If you have not heard of this before, consider yourselves informed. Go, and be ignorant of the tax codes no more.