Children: How having children can be financially beneficial

This may seem like a silly seem to put under investments but it is possibly the most important one. Having someone to share your wealth with will bring more satisfaction and joy than any material objects ever could.

Children are also great because if you take care of them they will be more inclined to take care of you in a time of need. That doesn't mean that you should count on your kids to support you financially in your old age, but it does mean that someone will be there for you when you need help.

But, even in the present there are some great financial incentives for having children. The truth is, the government wants you to have children and rewards you by giving generous tax breaks. For each child you get a tax credit as well as additional exemptions throughout the year. Additionally you will likely qualify for an earned income credit for each child each year. That can mean several thousand dollars back to you as a tax refund.

Links

irs.gov - IRS tax breaks for having kids