July 10, 2025
When you’re raising a family, every dollar matters—and tax time is no exception. According to a Kiplinger article on family tax breaks, many parents are missing out on valuable deductions and credits that could significantly reduce their tax burden.
At UNest, we’re all about helping parents stretch their dollars further. That means investing wisely, saving consistently, and knowing how to take full advantage of the tools available—including the tax code.
Here are three ways you can boost your savings and reduce your taxes, starting today:
- Open a UTMA Account for Your Child
A Uniform Transfers to Minors Account (UTMA) allows you to invest money for your child’s future. While UTMA contributions aren’t tax-deductible, the account offers potential tax advantages on unearned income and gives your child a financial head start for college, a home, or even launching a business. With UNest, setting one up takes just minutes. - Leverage the Child Tax Credit and Dependent Care Credit
Families with children under 17 may qualify for a Child Tax Credit of up to $2,000 per child. If you’re paying for childcare while you work, you could also receive up to $3,000 per child (up to two children) through the Dependent Care Credit. These credits can be game-changers for working parents. - Maximize Your Deductions with UNest Rewards
This is where it gets interesting. UNest Rewards lets you earn money back by shopping with popular brands—and that cash goes straight into your child’s investment account. While the rewards themselves aren’t deductible, they can indirectly boost your savings without requiring extra spending.
Tax season doesn’t have to feel like a burden. With the right strategy—and the right tools—you can turn it into an opportunity to secure your family’s financial future.
Whether you’re investing for college, career, or a first car, the key is to start now. Make your money work smarter, not harder.📲 Start investing tax-smart for your child today!
