As the 2025 tax season unfolds, understanding the nuances of the child tax credit can significantly impact your financial ...

You must list your dependents in Step 3 ... form to help you get it right but always check with a tax professional if your tax situation is a little complicated and you're unsure. Article Sources ...

You pay your federal income tax liability through withholding from your paycheck, estimated tax payments (usually if you’re self-employed) and payments made with the tax forms y ...

BEND, Ore. (KTVZ) -- Central Oregon residents can once again access free tax preparation services designed to assist low-income and older adult taxpayers during the upcoming tax season.

Experts say the freeze will likely hit red states the hardest, as they are more dependent on federal funding. “Higher-income states produce the majority of the tax dollars that go into the federal ...

Parents can claim their children as dependents on their returns and can claim certain tax credits. But what happens when custody is split among households? Divorced, separated, or never-married ...

On December 27, the U.S. Tax Court issued an opinion declining to revisit its holding from 13 months earlier that a partner’s formal status as ...

Child Tax Credit and Credit for Other Dependents. This year, Direct File will also cover taxpayers claiming the Child and Dependent Care Credit, Premium Tax Credit, Credit for the Elderly and ...

The child and dependent care credit offsets childcare costs for low- to moderate-income American families and can be claimed alongside other above-the-line tax deductions and tax credits.

Only one person can claim tax benefits for a dependent child per tax year. Generally, the custodial parent – the parent with whom the child lived with the majority of the year – claims the ...