Child tax credit may face changes under Trump
With President Trump’s return, the future of the child tax credit is uncertain. Currently capped at $2,000 per child under the 2017 Tax Cuts and Jobs Act, the credit could revert to $1,000 in 2026 unless Congress acts. Bipartisan support exists to maintain the $2,000 credit, but no guarantees are in place.
[UPDATE] Tesla and General Motors stand to bear the brunt of the elimination of the federal EV tax credit.
If you're a homeowner in Wisconsin and aren't receiving the lottery credit on your property tax bill, you could be missing ...
The bill is intended to benefit small businesses and stimulate local outlets that are struggling across the state.
During and after the pandemic, the ERC and other tax credits were big business for tax professionals. But the IRS denied ...
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Your prior year return will give you a good starting point for figuring out what documents you need to have handy to fill out ...
Although the incoming administration vowed to end the EV incentives, buyers can still benefit, and these are all the EVs that ...
Before you start your tax return, let’s clarify the differences between a tax credit and a tax deduction and how both work to lower your tax liability in different ways. A tax credit ...
If you mail in a paper return, the refund should be issued within roughly six to eight weeks of the date the IRS receives the ...
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