Missing Out on the Earned Income Tax Credit?
The EITC is for people who work but have lower incomes. If you qualify, it could be worth up to $6,660 in 2020, up from $6,557 in 2019, so you could pay less fe
Tax Credit
If You are Receiving Medicaid Waiver Payments, You Should Read This
Medicaid waiver payments are a type of payment from a state to an individual to take care of another individual who would otherwise be institutionalized, saving
Does Your Business Qualify for the Research Tax Credit?
For businesses, the tax code provides a tax credit of up to 20% of qualified expenditures to encourage businesses to develop, design or improve products, proces
Video – What the Employee Retention Credit Means to You
Employers eligible for this credit are generally those whose trade or business was curtailed as a result of the COVID-19 outbreak. Learn if you can use this cre
Congress Green-Lights Some Alternative Vehicle Credits
To encourage U.S. taxpayers to move away from gasoline-powered motor vehicles, over the years, Congress has provided various tax credits for purchasing electric
Congress Extends Employers’ Hiring Tax Credit for Another Year
Employers that hire disadvantaged individuals, such as unemployed veterans, SSI recipients, and ex-felons, among others, may benefit from a substantial federal
Employer’s Pension Startup Credit Substantially Increased
If you are considering establishing a qualified pension plan for your business, you may be entitled to the Credit for Small Employer Pension Startup Costs. Elig
Above-the-Line Education Tax Deduction Reinstated
Looking back a few years, a taxpayer who had higher education expenses could generally take advantage of four* possible tax benefits: an itemized deduction if t
Take Advantage of the Education Tax Credits
As with everything taxes, the devil is in the details, and that includes the education tax credits, which come in two types with some different rules for each.
For Business
Don’t Overlook These Essential Small Business Tax Credits
From the general business tax credit to the new markets credit, there are endless tax credit opportunities for your small business to save money on your taxes.