Family Tax Strategies : How to Choose Wisely Filing Status, Dependent Care, Education Incentives, and Acceptance of Gifts, Inheritances, and Loans

This tax guide provides three basic tax-saving strategies for families. One strategy focuses on the primary filer in a family situation, such as a single parent or both parents when filing jointly. The second strategy focuses on multiple filings in order to maximise the number of tax returns filed. The greater the number of tax returns filed, the more diluted the total family tax becomes. The final strategy focuses on gratuitous transfers -- gifts and inheritances -- from grandparents and other elderly members in a family.