Many don't know they can claim valuable tax credit worth up to $7,830 for some families
The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...
Would you qualify for Ohio’s proposed child tax credit?
Ohio families with young children could get $1,000 tax credits if the state raises cigarette prices and lets smokers foot the ...
IRS’s Direct File Makes It Easier For Families To Claim Tax Credits
Most people who are eligible for tax credits claim them. Direct File—the IRS’s online tool for filing tax returns—could get ...
New state tax credit available for families with children under 17
A new state tax credit worth thousands of dollars is now available to many Colorado families with children under 17. This new ...
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Should you claim a tax credit or deduction on your taxes?
A nonrefundable credit can reduce your tax liability to zero but not below that. Refundable credits can reduce your liability ...
IRS warns: Don’t overlook these tax credits. You could get up to $7K more in your refund
About one in five eligible filers overlook this credit, the IRS said. Certain filers can receive up to $7,830 more back in ...
DeWine proposes tax increases for cigarettes, sports gambling and a new child tax credit
Ohio Gov. Mike DeWine proposed increased taxes on cigarettes and sports betting in his 2-year budget proposal.
When You May Get Your Tax Credit Refunds This Year
On this week's episode of the Forbes Tax Breaks Podcast, Forbes Senior Writer and tax attorney Kelly Phillips Erb discusses ...
Trump wants to end EV tax credits as Musk’s Tesla benefits from them
The same Biden-era EV policies that Trump wants to roll back are currently benefiting Tesla CEO and special government ...
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Policymakers Should Expand the Child Tax Credit for the 17 Million Children Currently Left Out of the Full Credit
Congressional Republicans may soon release a budget resolution that will set the terms of the tax debate, and which is ...
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Illinois taxpayers may be eligible for new and existing tax credits
As tax season approaches, Illinois residents are encouraged to explore potential tax credits that could reduce their tax ...