Learn the difference between tax credits and tax relief, how credits reduce taxes owed and how IRS programs help manage tax debt.

Tax season is officially underway, and this year, parents should be aware of an increase in the child tax credit. This year, the credit rises to $2,200 for each child, that’s $200 more than last year.

The Empire State Child Credit (ESCC) has been expanded for families in New York, Governor Kathy Hochul has announced. The changes, approved by the state legislature, target families with young ...

New York State recently expanded a child tax credit, and Gov. Kathy Hochul encourages New Yorkers to take advantage of this expansion. The Empire State Child Credit is a refundable credit which can ...

New York has significantly expanded its child tax credit, putting more money directly into the pockets of families — especially those with young children. The expanded benefit is available during the ...

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Families who struggle to stretch small paychecks far enough to cover a few children may be able to qualify for an extra-large income tax refund. And many could be shocked at how much extra cash we're ...

Louisiana has expanded a tax credit for businesses that help employees with child care costs. The Workforce Child Care Tax Credit doubles the value of certain credits for businesses investing in child ...

Tax season 2026 opens on Monday, Jan. 26, and if you're a parent, you will see a bump in the Child Tax Credit. Here's how much the Child Tax Credit is expected to increase this year, and the ...

Advocates for a new state tax cut for low- and middle-income households with children are intensifying their push in this spring’s General Assembly session, insisting federal cuts to human service ...

NEW YORK (PIX11) – New York’s child and dependent care tax credits are set to be reformed, giving hundreds of thousands of families an average benefit increase of over $500, Gov. Kathy Hochul ...

As you sort through your taxes before filing this year, don’t forget that you could be eligible for certain credits and deductions. And note that there are some new breaks you might qualify for, too.