As Congress sends its latest tax proposal to President Donald J. Trump, both the House and Senate versions of the One Big ...

Currently, taxpayers who make under $200,000 annually as a single filer, or $400,000 if filing jointly, can qualify for a ...

Working parents often face extra expenses, such as summer day camp for their children. Many people don't know they might ...

Caregiving can be a difficult task if you're part of the Sandwich Generation. Here, an expert explains how to use self-care ...

Republican lawmakers released details on President Trump’s ‘one big, beautiful bill,’ including an increased child tax credit.

A Mid-Michigan mother of 10 children explains how the potential child tax credit increase to $2,200 could help families like ...

The final package reflects a bruising intraparty fight, with several controversial provisions added, scrapped, or watered ...

The Senate passed its version of the One Big Beautiful Bill Act. The bill contains many tax provisions beyond extending ...

Even while most focus only on standard deductions, there are several hidden credits and deductions that can significantly ...

Tax credit for ‘other dependents’ Unlike a deduction, which lowers your taxable income, a tax credit directly reduces your tax bill. The Credit for Other Dependents allows taxpayers to claim up to ...

A new Senate proposal could increase the Child Tax Credit (CTC) to $2,500, but millions of families might not benefit. The ...

Both the House and the Senate want to raise the maximum child tax credit, but limits on who can claim it mean millions of ...