Fix the Tax Code Friday: Children

December 1, 2006 · 0 comments

It’s Fix the Tax Code Friday!  I was chatting with a client today who mentioned that her tax picture should be better this year because she had a baby.  Poof!  An extra exemption.

Should we allow parents to receive an exemption simply for having children?  And if the child doesn’t live with the parent, should that parent be entitled to claim the child as an exemption?

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