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The cost of raising children: tax credits, breaks for parents

INDIANAPOLIS (WISH) – Raising children takes a lot of time, patience and money.

While raising children requires devoting a huge amount of resources to their well-being, money is one of the biggest and most obvious resources necessary in order to be successful parents.

Fortunately, Uncle Sam provides a fair amount of tax breaks and credits, but parents have to know where to look.

Jane King was on Daybreak to talk about some of these tax breaks, credits.

To hear more about these parent-related tax incentives and tax breaks, click on the video.