You can claim up to $2,000 per kid in child tax credit

Should you claim a tax credit or deduction on your taxes?
When handling your taxes, 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 essential since deductions and credits can be limited by your income.
You can claim up to $2,000 per kid in child tax credit, but that may drop soon
If Congress doesn’t address the soon-expiring expanded child tax credit, parents could see a higher tax bill in the coming years.
IRS delays popular child tax credit refunds for 2024 returns. Here’s how to claim them
Tax credits tied to children and dependents are popular, but there are many restrictions. The IRS delays refunds on some credits to thwart fraud.
EV tax credit rejected, IRS explains what owners can do
Electric vehicle buyers are facing hurdles as the IRS rejects tax returns claiming the expanded EV tax credit, due to dealerships failing to file a crucial "time of sale" report.
Next steps: What to do if you were denied the Child Tax Credit payment
The Child Tax Credit (CTC) is a crucial financial benefit for families in the United States, designed to reduce tax liability and potentially offer refunds.
Earned income tax credit: What it is and how to claim it
It’s called the Earned Income Tax Credit. According to the IRS, one in five eligible taxpayers in North Carolina do not claim this credit worth up to $7,830 dollars. This is a tax break aimed at helping working Americans with a low-to-moderate income.
IRA tax credit repeal could drive up electricity prices, lead to power shortfalls, reports say
U.S. consumers may pay more for electricity over the next decade if Congress repeals the Inflation Reduction Act's Section ...
You can apply for the Caring for Caregivers tax credit on your 2024 taxes
After Gene Hackman’s wife Betsy Arakawa was found dead with an open bottle of prescription pills near her body, authorities ...
How—And Why—The Private Sector Supports Federal Clean Energy Tax Credits
First, we are witnessing a manufacturing boom. After decades of offshoring, new factories and plants are opening in ...
Car buyers beware: Big tax credit on EVs is in limbo
A big tax break that could save you money on an electric vehicle faces an uncertain and confusing future in the Trump administration.
California Lawmakers Introduce Bills to Enhance Film and TV Tax Credit
California lawmakers unveiled legislation Wednesday to increase the state's incentive for film and TV production.
California legislators propose bills to expand film and TV tax credit program
To address the flight of productions to other states and countries, legislators are proposing bills that they say will make ...