By making the 2017 Tax Cuts and Jobs Act — a landmark accomplishment of Trump’s first term — permanent, the annual tax credit families can claim per child would increase from $2,000 to ...

According to the plan, the residential clean energy credit, which provides a 30% tax credit for home solar panels, batteries, geothermal heat pumps and more, would expire at the end of 2025.

In February, U.S. Senate Republicans proposed a pair of bills to kill the country's $7,500 electric vehicle tax credit and impose a new $1,000 tax on EVs to pay for road repairs, according to Reuters.

IRS Final Deadlines for ERTC & FFCRA Independent Contractor Programs PR Newswire FORT MYERS, Fla., March 26, 2025 ~70% of Eligible Businesses Have Not Claimed the Tax Refund ...

So, the maximum any employer may receive as a credit per un-related employee in 2021 is $14,000 ($7,000 per quarter). (This does not take into account coordinating this credit with PPP.

The Energy Efficient Home Improvement Credit is 30% of what you spend up to a cap of $1,200 annually through tax year 2032. Some major improvements, like biomass boilers and stoves, are subject to ...

For the tax year 2024, the some portion of the earned income tax credit is available for filers with three or more qualifying children with an adjusted gross income up to $59,899 if single and ...

Since leaving Congress in 2023, Billy Long has peddled a pandemic-era tax credit that the I.R.S. has warned is a magnet for fraud. By Andrew Duehren Andrew Duehren covers tax policy from ...

COVID-19 wreaked havoc on many of America’s small businesses, and Virginia’s 5th District was no exception. During COVID, Congress passed the Employee Retention Tax Credit (ERTC) which ...

Senate Republicans blocked a bipartisan bill that would boost a tax credit for parents as the GOP and Democrats feud over remarks from Republican vice presidential nominee Sen. JD Vance (Ohio).

Currently, the child tax credit provides $2,000 for taxpayers but only $1,600 of that is refundable, meaning you get that money back even if you don’t owe any taxes.

HR 7024 expands the Child Tax Credit and it extends the Trump Tax cuts for businesses. It also sunsets the Employee Retention Tax Credit (ERTC), as of January 31, 2024.