Tax credits are often more valuable compared to deductions because they directly reduce your tax bill dollar-for-dollar.

Minnesota Gov. Tim Walz visited a St. Paul community center on Tuesday morning to urge families to claim the child tax credit ...

Most people who are eligible for tax credits claim them. Direct File—the IRS’s online tool for filing tax returns—could get ...

Most West Virginia vehicle taxes paid on time in 2024 will be reimbursed to residents in the form of a credit on their income ...

A nonrefundable credit can reduce your tax liability to zero but not below that. Refundable credits can reduce your liability ...

Some lawmakers want to see the cap on deductions for state and local taxes or the child tax credit indexed or at least ...

The EITC is “one of the federal government’s largest refundable tax credits for low- to moderate-income families,’ the ...

Some news in the EV market: Hyundai Motor Group, which includes the Kia and Genesis brands, has models that now qualify for the $7,500 federal electric vehicle tax credit. In recent years ...

If you’re thinking about buying an electric car or a plug-in hybrid, you should be aware that the Trump administration is considering eliminating a federal EV tax credit of up to $7,500.

There’s a brilliant free edition, H&R Block Free, which offers Form 1040 filing, along with sorting child tax credits, earned income tax credit and credit for the elderly or disabled.

If you’re shopping for or researching an electric vehicle in 2025, you’ve probably heard that significant changes in the federal tax credit of up to $7,500 for EVs and plug-in hybrids took ...

The future of the child tax credit and its value is now in the hands of the Republican majority in Congress, and a new expansion proposal is on the table. Thomas is a native of upstate New York ...