The stimulus relief authorized by the American Rescue Plan Act that the IRS explained is still available in 2022 relates to a specific kind of tax credit that was expanded by the COVID-19 legislation. Taxpayers may still qualify for temporarily expanded eligibility of the Premium Tax Credit.
Before you file, you’ll want to be aware of any changes for the 2023 tax season. Experts warn that there are a few key deductions you can’t take this year—which could affect what your refund adds up to. There are also a few updates to tax credits as well. CLICK ON THE HEADLINE FOR MORE
To better understand how the main tax advantages will alter over the upcoming tax season, CLICK ON THE HEADLINE
Dubbed the The Family Security Act 2.0, Senator Mitt Romney is eager to bring the boosted Child Tax Credit back to life. But while his proposal is a positive one in nature, it has a couple of major flaws. CLICK ON THE HEADLINE FOR MORE
Tax credits come in two types: refundable and nonrefundable. While both are nice, refundable tax credits offer the better deal because they can reduce your tax liability below zero. CLICK ON THE HEADLINE FOR MORE
Tax credits are the gold nuggets of the tax world. Here’s a look at how some of the most common ones work — maybe you’ll find some cash. CLICK ON THE HEADLINE FOR MORE