New state tax credit available for families with children under 17
A new state tax credit worth thousands of dollars is now available to many Colorado families with children under 17. This new benefit is called the family affordability tax credit, and it's expected to help hundreds of thousands of families across the state.
Would you qualify for Ohio’s proposed child tax credit?
Ohio families with young children could get $1,000 tax credits if the state raises cigarette prices and lets smokers foot the bill. “This will be a significant amount of money,” Gov. Mike DeWine said when he released his budget proposal Monday.
Policymakers Should Expand the Child Tax Credit for the 17 Million Children Currently Left Out of the Full Credit
Congressional Republicans may soon release a budget resolution that will set the terms of the tax debate, and which is expected to extend the 2017 tax law, including its changes to the Child
DeWine proposes tax increases for cigarettes, sports gambling and a new child tax credit
Ohio Gov. Mike DeWine proposed increased taxes on cigarettes and sports betting in his 2-year budget proposal.
'$1,000 doesn't even cover 2 weeks of child care': Ohio parents not optimistic about proposed child tax credit
In a recent survey released by Groundwork Ohio, half of Ohio parents said they've had to cut back on work hours to help offset high child care costs.
Child tax credits, tax increases, full school funding: DeWine unveils $61B budget proposal
Ohio Gov. Mike DeWine kicked off the state's biannual budget process Monday with a proposed 2026-2027 operating budget package that would cost the state $61 billion, about $25 billion less than the current two-year operating budget.
Many don't know they can claim valuable tax credit worth up to $7,830 for some families
The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...
Tesla Cybertruck Secures $7,500 Tax Credit Amid Political Uncertainty
The All-Wheel Drive Cybertruck gets the federal tax credit despite the noise about eliminating unfair EV subsidies.
NewsChannel203h
Illinois taxpayers may be eligible for new and existing tax credits
As tax season approaches, Illinois residents are encouraged to explore potential tax credits that could reduce their tax ...
Trump wants to end EV tax credits as Musk’s Tesla benefits from them
The same Biden-era EV policies that Trump wants to roll back are currently benefiting Tesla CEO and special government ...
IRS’s Direct File Makes It Easier For Families To Claim Tax Credits
Most people who are eligible for tax credits claim them. Direct File—the IRS’s online tool for filing tax returns—could get ...
Georgia lieutenant governor pushes to aid parents through tax credits
Jones’ announcement comes after Democrats proposed even more generous breaks, a $200 child tax credit for all children under ...
News Nation on MSN2d
Should you claim a tax credit or deduction on your taxes?
A nonrefundable credit can reduce your tax liability to zero but not below that. Refundable credits can reduce your liability ...
IRS warns: Don’t overlook these tax credits. You could get up to $7K more in your refund
About one in five eligible filers overlook this credit, the IRS said. Certain filers can receive up to $7,830 more back in ...