While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, ...

Could state child tax credits be an additional lifeline for cash-strapped families? It depends upon where you live.

A House committee has advanced a bill to cut or even eliminate state income taxes for many working New Mexicans — but also added a tax hike for oil producers, stirring opposition from Republicans and ...

A group of 21 House Republicans is asking a key committee to limit changes to energy tax credits passed under Democrats as ...

A group of Republican lawmakers urged the House committee drafting President Donald Trump's proposed tax cuts in the upcoming ...

The tax credit program is set to expire on Dec. 31, 2026, but business leaders contend it's "critically important" that it be ...

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The global auto market grew by 25% in 2024, and nearly one in five cars sold globally is now electric. A record 1.3 million ...

A proposed tax credit for people who invest in businesses through crowdfunding could help boost the economy and support ...

Languages: English. Tax season is well underway and U.S. taxpayers should be aware of various credits and deductibles that can reduce their overall tax bill. More than 40 million returns have ...

But taxpayers who claimed the Earned Income Tax Credit or the Additional Child Tax Credit will need to wait a bit longer. “By law, we can’t issue EITC or ACTC refunds before mid-February ...

The fraudulent tax returns were filed from around June 2022 through September 2023, officials said. The refunds that Ms. Goode-McCoy sought were based on the Employee Retention Credit and the Sick ...