Are Children Still Dependents After They Turn 17? Each year, parents can claim a child tax credit for each of their children who is under 17. This is a valuable credit, worth up to $2,200 for each child 16...
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Is the Earned Income Tax Credit Right for You? According to the IRS, as of December 2023, approximately 23 million workers and families received a total of $57 billion through the EITC. This tax credit is refundable, meaning you...
What are the Highlights of the OBBBA? Taxpayers who worried about the expiration of several tax cuts from the Tax Cuts and Jobs Act of 2017 can now breathe easier. The One Big Beautiful Bill Act made most of...
Home Improvement Energy Tax Credits When you replace old doors and windows, install solar panels, or upgrade a hot water heater, you reduce your energy bills. But the cost of making these energy-efficient improvements can be daunting. That’s where...
What Qualifies for a Home Energy Credit and How Can I Receive One? Written by: Anna McDonough Summer is here, and you know what that means, it’s time for home improvement projects! Did you know that certain utility upgrades...