President Trump said Thursday he’s working with Democrats on extending and building off of his 2017 tax cuts — one of the top ...

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 ...

Wondering what the different tax credits are and if you're eligible to claim any? Here's our guide to who can benefit from ...

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.