Key Points The majority of Americans don’t understand the difference between a tax deduction and tax credit. Tax credits are ...

Fortunately, you’ll find some light at the end of the tax year: federal tax credits and deductions that apply directly or indirectly to caregiving costs. Here are some ways family caregivers may be ...

Self-employed workers, including independent contractors, gig workers, freelancers, and sole proprietors, may be eligible to recover up to ...

The Credit for Caring Act, if passed, would provide up to a $5,000 federal tax credit for eligible working family caregivers.

He joined us with important information for all tax payers, including an overlooked tax credit that one in five eligible taxpayers fail to claim, the Earned Income Tax Credit, which can be worth up to ...

State lawmakers are resisting a push by the real estate industry to approve tax breaks designed to attract companies to older ...

The New Jersey Economic Development Authority board March 12 approved $5.24 million in tax credits under the Emerge Program ...

While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, you are only reducing the amount of income subject to tax, but a credit ...

The IRS has issued more than 29.6 million individual income tax refunds through Feb. 21, up 2.3% from a year ago.

Instead of being fiscal scolds by not renewing Trump’s 2017 tax cuts, Democrats ought to limit them to ...

In Pennsylvania, 28% of households are at this awkward income threshold described as ALICE— Asset Limited, Income Constrained ...

Understand what tax liability is, how it's calculated, and its impact on your finances. Learn about different types of tax ...