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 ...

Every year in January, the IRS dedicates a day to Earned Income Tax Credit (EITC) awareness. This tax credit, also known as the earned income credit (EIC) allows eligible people with low-to ...

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 ...

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 ...

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 ...

Newly elected Sen. Bernie Moreno is investigating nearly $22 billion in tax credits stemming from President Biden’s Inflation Reduction Act that the Republican says are now subsidizing luxury ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...