S upporting aging parents can be a significant financial commitment. On average, an adult in the U.S. may spend thousands annually on their parents' care, including housing, medic ...

Most of the time, you'll probably find that any given tax credit is "nonrefundable," meaning that it can only decrease your ...

If the costs of child care are getting you down, you've got more options than just the child tax credit to help you out.

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

Tax Day for 2024-25 taxes is Tuesday, April 15, 2025. There are several tax breaks available for parents, including the Child Tax Credit and the Adoption Tax Credit. Taxpayers can track their ...

Some dealers might not have reported EV sales correctly and now some buyers face tax headaches. Clean vehicle tax credit rules are complicated — and will not work for everyone. President Donald ...

A federal tax liability is an amount that’s owed to the government in taxes. It can include income taxes on earnings and capital gains taxes on assets. Both are based on brackets, a percentage ...

Leave Travel Allowance (LTA) allows salaried employees to claim tax exemptions on travel expenses within India. LTA can be claimed for a maximum of two journeys within a four-year block.

More than 1.1 million people have unclaimed federal income tax refunds that are in jeopardy of becoming government property, according to the IRS. Officials say there’s over $1 billion in 2021 ...

What does a taxpayer need to claim this deposit? Here are some points to know to help taxpayers determine if they are eligible to claim the Other Dependents Credit on their 2022 tax return.

(NEXSTAR) — The IRS says an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury if over 1.1 million Americans don’t take action soon.

India says it has not committed to slashing import duties on US products, days after President Donald Trump announced that New Delhi had agreed to "cut their tariffs way down". Only weeks into his ...