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Parents await fate of four key tax breaks

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User ID: 25698510
United States
12/30/2012 05:22 PM

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Parents await fate of four key tax breaks
As the countdown to a fiscal cliff reaches its final days, four key tax breaks for parents are hanging in the balance.

Lawmakers and President Obama continue to butt heads about which tax cuts should be extended. And unless a deal is inked by the end of the year, the Child Tax Credit, Earned Income Tax Credit, Child and Dependent Care Credit and the American Opportunity Credit will revert to lower levels on Jan. 1.

[link to finance.yahoo.com]