Good news for 2015 Tax Year for Child Fitness Tax Credit

The federal child fitness tax credit base amount was doubled in 2014 to $1,000 from $500. Begin­ning with 2015, this credit will become a refundable tax credit. This means you could actually receive a refund. That is certainly good news to those who didn’t benefit from the non-refundable tax credit.

The above information is of a general nature only and should not be relied upon for specific situations.  Click here for additional tax accounting services information. Call Marlies Y Hendricks CPA at 416-766-3941 to discuss your best options and set up an appointment.