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

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 tax credit directly reduces your tax liability on a dollar-for-dollar basis. This makes it a better option than a tax deduction, which simply lowers your taxable income. In some cases ...

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

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

Navigating the complexities of tax season can be daunting, especially when deciding between a tax deduction or a tax credit.

Languages: English. The Child Tax Credit has helped to reduce poverty and improve the quality of life for millions of children. According to research from the U.S. Census Bureau, it lifted 2.1 ...

In 2025, Americans will file their taxes for 2024, and millions may be eligible to receive a child tax credit, which is available to parents and guardians of minors of a certain age. Enacted in ...

The list of electric vehicles that qualify for the IRS clean vehicle tax credit has changed with the arrival of the new year. No longer linked to battery capacity, the credit of up to $7,500 is ...

The Biden administration finalized rules meant to boost domestic production of hydrogen fuel through a new tax credit, a move that might also keep struggling nuclear power plants on line for longer.

Trump takes office. By Neal E. Boudette Sales of electric vehicles have been rising steadily over the past few years, in part because of a federal tax credit of up to $7,500 that makes buying such ...