As the 2025 tax season unfolds, understanding the nuances of the child tax credit can significantly impact your financial ...

For tax year 2024 (filing in 2025), the child tax credit is worth up to $2,000 for each qualifying dependent child who was ...

The child tax credit is always one of the most popular credits claimed during tax season, but there are some things you ...

If you lived with another person in 2024 If you lived with another person at any time in 2024 and in the first 60 days of 2025, you need to determine who can claim the deduction for child care ...

Due to higher than normal intake volume, the Canada Revenue Agency is experiencing delays in processing Form T2201, Disability Tax Credit Certificate. We will respond in writing once a decision has ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the additional money. Fully refundable tax credits are just the opposite -- if your ...

The Child Tax Credit (CTC) is a SUPER credit because it can create a $2,000 per child reduction in your tax liability for ...

Budget projections in the governor’s proposal estimate the child tax credit would cost the state $450 million in the 2026 ...

The Earned Income Tax Credit (EITC) is a federal tax credit for workers with low and moderate incomes. The EITC helps to bolster their incomes and offset taxes owed; it is effective at reducing ...

That expanded tax credit helped cut child poverty in America nearly in half to a historic low of 5.2% in 2021. By 2023, child poverty rates jumped to 13.7%. Since then, several states have ...

A Senate committee passed a bill this week to expand a tax credit for employers who take on child care costs. Among other things, Senate Bill 463 would set limits on staff-to-child ratios and ...

Senate Bill 463 would also set limits on staff-to-child ratios and group sizes in licensed child care facilities and add a representative of an out-of-school-time program to the membership of the ...