Is there a family tax cut for the 2015 income tax year?
On the deductions summary, it says my husband has a $2000 Family Tax Cut? Is that it? So I think what I may be looking for is something along the lines of income splitting - which I was under the impression was allowed now? Can you point me in that direction?
Is there a family tax cut for the 2015 income tax year?
The Family Tax Cut is the income splitting you are referring to. It is not really splitting the income but allows the non refundable credits of the lower income spouse to be utilized instead of lost.
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