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

Joint filing is a popular choice among married couples during tax season, but what will it actually do for you?

As natural disasters leave many Americans facing economic hardship, the tax code’s casualty loss deduction is providing assistance primarily to the wealthiest taxpayers. A reformed casualty ...

President Trump is clear about his opposition to “unfair” EV incentives. Tesla and General Motors stand to bear the brunt if the federal EV tax credit is eliminated.

February 2025 will see a number of changes including benefit payments, tax, and support for the cost of living and energy ...

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

During and after the pandemic, the ERC and other tax credits were big business for tax professionals. But the IRS denied bogus claims, and some cases are criminal.

Maryland does not tax Social Security benefits, representing a major benefit for seniors in the state. For those who itemize ...

Though many filers count on that annual windfall, they’d be much better served if they simply worked to break even.

The new payments, known as Recovery Rebate Credit (RRC), are being sent to eligible taxpayers who did not claim federal ...

South Carolina has committed more than $1 billion to help build up the electric vehicle industry, but people have to buy the ...

Chesterfield homeowners will receive a 5% credit on June real estate tax bills with approval from the Board of Supervisors.