Who Can I Claim as a Dependent?
One of the most reliable tax breaks is claiming a dependent. Most people with children or an elderly parent can do so, but … Read more
Tax Credits & Deductions
The 2021 Recovery Rebate Credit
To help offset the financial impact of the COVID-19 pandemic, the U.S. government delivered three separate Economic… Read more
All About The Child and Dependent Care Credit
For many working parents, paying for childcare is simply a fact of life. But a portion of those expenses could actually qualify… Read more
Can You Claim the Earned Income Tax Credit?
The Earned Income Tax Credit (EITC) is a tax credit for low to moderate-income families who meet the specific… Read more
Everything You Need to Know About the 2021 Child Tax Credit
The American Rescue Plan expanded the Child Tax Credit as well as changed some of the existing requirements for tax year… Read more
The Adoption Tax Credit: Money Back for Growing Families
When you factor in all the legal, medical, and court expenses – plus any related travel and accommodations that might… Read more
Green Energy Tax Credits for Home Improvements and Vehicles
The information in this article is up to date through tax year 2020 (tax returns filed in 2021).
There are several reasons… Read more
What is a Tax Credit and How Does it Work?
Tax credits are a type of tax benefit that lower your income tax bill and, in some cases, increase your tax refund. There… Read more
7 Ways Claiming a Dependent Can Lower Your Taxes
There are several federal tax breaks for taxpayers who claim dependents on their return. These breaks can reduce the amount… Read more
Child Tax Credit
If you claim at least one qualifying child as a dependent on your tax return, you may be eligible for the child tax credit. … Read more