Did you know that the typical family will spend $221,000 to raise a child through age 17? And that is BEFORE any college costs get added in. It is no wonder that babies born late in the year are referred to as tax deductions. Of course, as any parent will tell you, the benefits of a baby far outweigh the financial costs, but the point remains that they do cost money to raise them. The folks over at TurboTax want to help ease that cost for one December 2009 baby and their lucky family.
TurboTax is the nation's No. 1 rated, best-selling tax prep software from Intuit Inc. They are again holding their annual (this is their 3rd year) nationwide search for America's Cutest Last-Minute Tax Deduction. The parents of one lucky baby, born in December 2009, will win $5,000.
To enter, parents or legal guardians should submit a photo of their baby born between Dec. 1-31, to thecutesttaxdeduction.com. The deadline for submissions is January 7, 2010. Judges will select 10 finalists, and America will determine America's Cutest Last-Minute Tax Deduction and the $5,000 grand prize winner!
I know there are a bunch of new moms and dads out there waiting to show off their new bundle of joy. Here is a great way to do it and possibly win $5,000 in the process. If you do enter, please be sure to comment and let us know so we can be sure to check out your new little cutie.
***Disclaimer*** I have not received any compensation, monetary or otherwise, for this posting.
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