Twists and Turns of the Education Tax Credits
Twists and Turns of the Education Tax Credits
Tax Credit
Videos & Info Graphics
Video Tip: An Overview of the Adoption Tax Credit
Taxpayers who adopted or started the adoption process in 2021 may qualify for the adoption credit. Watch this video for details.
Education Planning
Planning for a Child’s College Expenses Should Start Early
Congress has provided a variety of tax incentives to help defray the cost of education.
Child Tax Credit
Advance Child Tax Credit and EIP Must Be Reconciled on Your 2021 Return
The advance child tax credit, as well as the economic impact payments, received in 2021 must be reconciled on the 2021 tax return. Learn more.
For Business
Retroactive Termination of the Employee Retention Credit
The recently passed Infrastructure Investment and Jobs Act retroactively repealed the ERC for the fourth quarter of 2021 for all taxpayers except recovery start-up businesses.
For Business
Congress Terminates the Employee Retention Credit Early
Congress has retroactively terminated the employee retention credit for the 4th quarter of 2021, creating a payroll deposit issue for some employers.
For Business
Employers Hiring New Employees May Be Able to Claim a WOTC
If you hire certain new employees, you may be eligible to claim the Work Opportunity Tax Credit. Learn more.
Education Credits are for Children? Think Again!
If you think that education credits are just for sending your children to college, think again – the credits are available to you, your spouse, and dependents.
The Obscure Research Credit
Learn how the R&D tax credit works, who qualifies, and why small and mid-size businesses often overlook this valuable credit.
Tax Central
Should You Opt Out of the Advance Child Tax Credit?
If you have children under the age of 18, by now you likely have gotten your first advance child tax credit payment, either by check or by direct deposit. Be aw