Here's a quick explainer on how tax breaks work, five different deductions the IRS offers for parents and what to know about ...

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

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

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

With tax filing season for 2024 returns in full swing, it's important that clients take all deductions and credits that they ...

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 ...

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

On the menu: more than 200 ideas, ranging from the estate tax to housing credits and loosening the cap on the state and local ...

Fortunately, you’ll find some light at the end of the tax year: federal tax credits and deductions that apply directly or indirectly to caregiving costs. Here are some ways family caregivers may be ...

You can also check out our list of best credit cards for alternative options. As you prepare for tax season, you may consider paying your taxes with a credit card. After all, you'd have some ...