Most people who are eligible for tax credits claim them. Direct File—the IRS’s online tool for filing tax returns—could get ...

The future of the child tax credit and its value is now in the hands of the Republican majority in Congress, and a new expansion proposal is on the table. Thomas is a native of upstate New York ...

Currently, the credit is good for up to $2,000 per dependent child on your taxes. That full amount is "nonrefundable," meaning that you can only receive that much to lower your tax burden.

The Child Tax Credit ... fears about this type of tax relief leading to large reductions in parents working are not born out; families use tax credits to make good investments." ...

But there is some good news. This tax break has a refundable portion (the additional child tax credit) — more on that below. Better yet, due to inflation adjustments, the refundable amount is ...

You may now qualify for several new tax credits and deductions depending on your income level. The Child Tax Credit has been an integral policy for families in recent years, and it could save you ...

Which is why, politicians have been talking about the Child Tax Credit in recent years, which could save families thousands of dollars. As tax season nears, here's what you need to know about ...

With the Internal Revenue Service now accepting 2024 tax returns some taxpayers are already counting down the days until they receive their refund. However, the IRS says taxpayers who claim a pair of ...

The 2025 tax filing season has officially kicked off and if you’re claiming a Child Tax Credit or Earned Income Tax Credit (EITC), you can expect to wait a little longer for your refund.

The family affordability tax credit provides eligible families with tax credits of up to $3,200 per child under 6 and up to ...

With a new child, your taxes will get more complicated. On the flip side, however, you may qualify for several new tax credits and deductions. The first order of business is to make sure your ...