The Senate has passed its version of the One Big Beautiful Bill Act - with an expanded Child Tax Credit (CTC) for American families making it into the bill. The Senate approved the bill on July 1 ...

The bill includes an expanded child tax credit, which could mean hundreds more dollars in your pocket if you have kids at ...

Senate Republicans passed a bigger child tax credit as part of Trump’s spending package. If enacted, here is who stands to ...

A refundable tax credit means that if it's applied to your tax bill and there's money left over, you'll receive it as a refund. Meanwhile, Burnette says, ...

Many people don't know they may qualify for the earned income tax credit and get up to $7,830 for some families. Here's how to claim it on taxes.

Maryland residents are set to receive utility bill credits from a $200 million energy relief refund, with the first phase ...

Additional child tax credit: Although the IRS puts this "credit" on a separate page of Form 8812, it works like a partial refund for any child tax credit money that goes beyond your tax burden.

The maximum tax credit per qualifying child is $2,000, $1,700 of which is refundable. That refundable portion, which is called the additional child tax credit (ACTC), is $100 more than the $1,600 ...

Refundable credits can result in a refund if they exceed your tax bill, while nonrefundable credits only reduce what you owe to zero. Most taxpayers take the standard deduction, ...

There are other refundable credits, such as the Child Tax Credit, the American Opportunity Tax Credit and the Premium Tax Credit. You may choose a big tax refund, and that's OK.

As part of multibillion-dollar budget negotiations this session, Ohio lawmakers will consider the new refundable tax credit worth up to $1,000 per young child, to be paid for by an increase in ...

Refundable credits allow for a full refund if the credit reduces your tax liability to less than $0. For example, say your total tax liability for the year is $1,500. If you have a $2,000 ...