Tax credits for seniors refer to specific reductions in tax liabilities designed to benefit older individuals. These credits aim to alleviate the financial burden of seniors by reducing their taxes ...

The child tax credit is one of the most popular credits to claim during tax season, so here's everything to know about how it works. Thomas Kika Former Writer Thomas is a native of upstate New York ...

The IRS has given automakers a little more wiggle room around which electric vehicles will qualify for a federal tax credit worth up to $7,500. The change — which gives companies a few more years to ...

For many Americans, tax season can feel like a maze of forms, deductions and confusing jargon. Even for those who are veteran filers, taxes aren't always an easy feat. One of the many tax terms that ...

One of the main incentives driving this decision is the federal Clean Vehicle Tax Credit, which policymakers put into place to bolster the shift from gas-powered cars to those that lessen our ...

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...

In this episode of Tax Notes Talk, Jenny Speck with Vinson & Elkins discusses the clean energy tax credits in the House’s One Big Beautiful Bill Act, including last-minute changes to the House Rules ...

How is the expanded child tax credit different in 2023? The expansion would primarily benefit lower-income families for tax year 2023, especially those with multiple children. The amount a family ...

The earned income tax credit, or EITC, is a tax break that can help low- to moderate-income working families save thousands at tax time. Whether you can claim, however, depends on your filing status ...

Thomas is a native of upstate New York and a graduate of the University at Albany. As a former member of CNET's How To team, he wrote about the intersection of policy, information and technology, and ...

A new tax credit for lower-income workers in Pennsylvania will be ready for tax time this spring, Gov. Josh Shapiro’s administration said Monday, calling it the most significant tax change for the ...

Unfortunately, the shifts weren't in the right direction for the tens of millions of parents who claim the tax credit annually: The enhanced child tax credit of 2021 is "bigger and better" no more, ...