Now that the new year has started and it is time for the dreaded tax season, remember to take a look at the IRS 2011 Child Tax Credit deductions.

This is also a good time for a teachable moment with the kids too. One of the things that we are doing this year, and even though the boys are too young this year to understand, we will be away some of the boys toys and donating them to charity. Ask your CPA, but this should fall under a standard donation and can come off of your taxes as tax credits as well.

I want to make sure that we raise the boys to be humble and remember that they can help those that do not have as much as they do.