Additionally, a qualifying child must be under age 17 at the end of the tax year, does not provide more than half of his or ...

Parents and guardians can take advantage of one or more child-related credits to get a tax break. Here’s how to claim the ...

Unlike a deduction, which lowers your taxable income, a tax credit directly reduces your tax bill. The Credit for Other Dependents allows taxpayers to claim up to $500 as a nonrefundable Credit for ...

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...

Income limitations apply to both tax credits. Qualifying children must be younger than age 16. You must claim each child as a dependent on your tax return. If taxpayers qualify for and claim the ...

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is ...

On Dec. 30, the federal government announced the deadline extension for 2024 tax receipt-eligible charitable donations until Friday. Some local charities were able to make up lost ground by ...

Besides your tax filing status, other factors used to calculate your standard deduction include your age, whether you’re blind and whether another taxpayer can claim you as a dependent.

WASHINGTON – The Internal Revenue Service reminds families that some taxpayers who claim at least one child as their dependent on their tax return may not realize they could be eligible to benefit ...

Child and Dependent Care Expenses with Figure A providing an extremely helpful flowchart. Tax Talk is an outreach service of the Notre Dame, Saint Mary's College Vivian Harrington Gray Tax ...