The EITC is “one of the federal government’s largest refundable tax credits for low- to moderate-income families,’ the ...

The future of the child tax credit and its value is now in the hands of the Republican majority in Congress, and a new ...

A tax credit directly reduces your tax liability on a dollar-for-dollar basis. This makes it a better option than a tax deduction, which simply lowers your taxable income. In some cases ...

There are no new credits or deductions available for this filing season. However, the IRS has made its annual inflation adjustments for more than 60 tax provisions, including tax rate schedules ...

While deductions are also useful, claiming credits offers the benefit of cutting your tax liability directly. In some cases, these credits are also refundable, giving you some money back even with ...

While you get your tax information together this year, make sure you know which tax credits you are eligible for. Here’s what you need to know about tax credit qualifications and how to ...

One of the many tax terms that may be hard to understand is a "federal tax credit." In simple terms, this type of credit is a benefit offered by the government to help reduce your tax liability.