Some EV tax credits risk being rejected by IRS on 2024 returns for long list of reasons
The EV tax credit saw a major revamp in 2024, which enabled some buyers to benefit at the point of sale. But some tax ...
Family caregivers spend $7,200 a year. This proposed federal tax credit could help
The Credit for Caring Act, if passed, would provide up to a $5,000 federal tax credit for eligible working family caregivers.
A child tax credit is once again being discussed in Connecticut. Here's what it would do
If either of the proposed child tax credit bill makes it out of committee and becomes law, advocates said the investment will ...
Should I pay off my tax debt before my credit card debt? Experts weigh in
As the cost of living has increased, so has outstanding credit card debt. By the end of December 2024, outstanding credit ...
Will federal budget cuts sink CT tax break for families?
Advocates say tax relief such as a child tax credit is needed now as support programs shrink, but federal cuts could ...
Average tax refunds so far in 2025 are up 7.5% but IRS still receiving fewer early returns
The IRS has issued more than 29.6 million individual income tax refunds through Feb. 21, up 2.3% from a year ago.
What Are the Tax Rates for the Alternative Minimum Tax (AMT)?
The Alternative Minimum Tax (AMT) is a parallel income tax system designed to ensure that high-income individuals pay a ...
Colorado EV owners again dealing with $5,000 tax credit denials
Colorado electric truck owners are facing tax credit denials due to truck weight disputes, despite meeting listed criteria.
Center on Budget and Policy Priorities2d
Puerto Rico Needs and Should Have Full and Equitable Access to All Federal Economic and Health Security Programs
Members of the Puerto Rico Advisory Committee, thank you for today’s opportunity to testify on Puerto Rico’s inequitable ...
$1 billion in unclaimed tax refunds to expire soon: How to claim your money
The IRS warns that an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury ...
Arizona Republic on MSN4d
Fun or frugality? Here are best ways to use your tax refund
Many Americans are in line to receive a refund from the IRS this tax season. Here are the best ways to put that money to use.
The Connecticut Mirror2d
Will federal budget cuts sink CT tax break for families?
Trump, a Republican-led Congress and potential reductions in federal aid that some fear could exceed $1.5 billion. A state child tax credit “has to be part of the solution,” said state Rep.