The White House has released a list of its priorities, but increasing the child tax credit, something JD Vance has pushed for ...

How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...

The earned income tax credit and additional child tax credit are “refundable,” meaning filers can claim a refund without tax ...

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

Several lesser-known tax credits could help you save even more money. Here are a few you should know about before filing your ...

As the tax deadline looms many folks are beginning to take a closer look at their situation regarding their taxes and ...

With the Republican party taking control of not just the White House but both chambers of Congress, the Tax Cuts and Jobs Act ...

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

Several tax breaks, including the Child Tax Credit, may face reforms or be cut entirely as lawmakers seek revenue for Trump’s ...

it can be tricky to decide whether to opt for a tax deduction, tax credit, or both if you’re eligible. While both offer tax relief, they do so in different ways. Understanding the difference is ...

People preparing to file taxes for the 2024 tax year may be eligible to claim a student loan tax deduction for interest payments.

The mortgage tax break is one of the most common. It enables you to deduct the home mortgage interest on the first $750,000 ...