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54 Parents lent 30% more money to children in 2016 than 2015
STV, 6 March 2017.
In Scotland, the ‘bank of mum and dad’ forked out an average of £3987.22 to help their offspring, rising 29% from £3079.91 the previous year, the Bank of Scotland found. Research also showed a rise in children aged between 18 and 24 taking a loan from their parents from a quarter in 2015 to over a third (34%) last year.
57 Will I pay a marriage penalty on my taxes?
Dan Caplinger - The Motley Fool, 2 February 2017.
Tax laws treat married couples differently from single people, and in some cases, couples will end up paying more after they marry than they did when they were single. This phenomenon is known as the marriage penalty, and it most often happens when the two spouses each have similar and fairly high amounts of income. However, as you'll see, there are some instances in which marriage penalties apply even to low- and middle-income taxpayers.
65 The US child tax credit: what you need to know
Maurie Backman - Madison, , 15 November 2016.
Many parents struggle to keep up with the numerous expenses that come with having children, but if you have kids, you may get some federal income tax relief this year. If you claim the Child Tax Credit, you could reduce your tax liability by up to $1,000 per child. Here’s a rundown of how this credit works and why it’s given so many parents a reason to celebrate.