TBJ Cover Story March 2019: Calculating the New Child Tax Credits

March 2019 Tennessee Bar Journal Cover Story

Who Gets the Credit? Calculating the New Child Tax Credits in Your Parenting Plan

By Cindy J. MacAulay, CPA/CFF, CVA, CDFA and Miles Mason, Sr. JD, CPA

New tax law? Really? Really. The children’s dependency deductions are gone. What’s next? The Child Tax Credits now sort of fill that gap. The cool thing about credits is that they are dollar for dollar reductions of tax, not a reduction of taxable income. . . .

View the story HERE. If you are TBA member, view the story in the Tennessee Bar Journal online.

It’s exciting to have my fourth TBJ cover story in the last few years.  This article was difficult to put together, but Cindy MacAulay really made it work.  All family lawyers need to know the changes in order to properly negotiate parenting plans.  The expanded Child Tax Credit, Dependent Care Credit, and Head of Household filing status can all come into play.  Help me thank Cindy.  Without her expertise on this difficult topic, this article would not have been possible.