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

[UPDATE] Tesla and General Motors stand to bear the brunt of the elimination of the federal EV tax credit.

Here is what you should know about the child tax credit for this year's tax season and whether you qualify for it.

Donald Trump's signature 2017 tax cuts are set to expire in 2026, alongside the child tax credit benefits that were attached.

A new child tax credit plan proposed by a Republican congressman could gain widespread support among Americans, based on a ...

The IRS has made its annual inflation adjustments for more than 60 tax provisions, including tax rate schedules and the ...

During and after the pandemic, the ERC and other tax credits were big business for tax professionals. But the IRS denied ...

Stricter requirements have made it harder for some EVs and PHEVs to remain eligible for the tax credit. These models can no ...

The secret is in leveraging both tax deductions and tax credits. Before you start your tax return, let’s clarify the differences between a tax credit and a tax deduction and how both work to ...

It comes as the Trump White House plows ahead on its efforts to roll back the Biden administration’s climate agenda.

A new bill looks set to change the rules around the child tax credit, potentially causing millions of Americans to no longer ...

With President Trump’s return, the future of the child tax credit is uncertain. Currently capped at $2,000 per child under ...