The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...

A tax credit directly reduces your tax liability on a dollar-for-dollar basis. This makes it a better option than a tax ...

“Data and Transparency. To increase LIHTC data transparency, a new section was added (Sec. 801, and 801 (a) in the Senate ...

The $7,500 federal tax credit for EVs has income requirements, but car salespeople aren't accountants, so double-check that you're eligible before driving off the lot.

Workers who are paid low wages — and in many cases are trying to raise children on overstretched paychecks — can qualify for a financial boost by claiming the earned income tax credit on their ...

There are several tax deductions for homeowners, from interest paid on your mortgage to specific home improvements. Find out ...

A menu of options being circulated by congressional Republicans also includes new tax cuts for corporations and the ...

For every $1,000, or fraction thereof, over those thresholds, the credit is reduced by $50. For lower-income ... tax year. The child must have a valid taxpayer identification number in the form of ...

Simple errors could lead to costly mistakes on your federal tax return. For instance, while it seems like a no-brainer that you'd remember to sign your tax form or that your arithmetic would be ...

The Child Tax Credit for 2024 is a tax benefit that provides financial relief to families with qualifying dependent children.