In addition to managing a policy point, the top-up tax credit manages “the political issue that there weren’t losers coming ...

Tax credits and deductions both reduce your tax bill, but in different ways Written By Written by Contributor, Buy Side E. Napoletano is a contributor to Buy Side and an expert on student loans, taxes ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Janet Berry-Johnson is a CPA with 10 years of experience in public accounting and writes ...

The good news is that a new tax benefit aimed at helping families with children under 17 is now in effect. For the tax years ...

The federal government cancelled some measures including the underused home tax and a luxury tax on boats and airplanes ...

Eligible employers can claim up to $26,000 per worker for each employee they retained during 2020 and 2021. The program allows employers to claim up to $5,000 per employee they kept on during 2020.

The FTC operates on a relatively straightforward formula. However, it’s not a dollar-for-dollar deduction. Rather, it depends on several factors, including your total foreign income, the foreign taxes ...

Since the electric vehicle (EV) tax credit is a non-refundable credit, it may take some planning to maximize the benefits. The answer depends on your total taxable income, deductions and credits to ...

The federal expanded child tax credit (CTC) popular during the COVID-19 pandemic expired and hasn’t returned. But the expanded benefit, which in many cases included advance monthly tax credit payments ...

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...

Whether you’re filing for the first time or have been around the tax return block, it’s easy to confuse tax credits and deductions. Although both can help lower your tax bill, the IRS describes a tax ...

Whether you’re filing for the first time or have been around the tax return block, it’s easy to confuse tax credits and deductions. Profit and prosper with the best of expert advice on investing, ...