At the crack of dawn on Tuesday, a Democratic-led Senate subcommittee rejected or delayed several of Gov. Glenn Youngkin’s ...

A proposed tax deduction for tipped income died in a House of Delegates subcommittee on Monday, as Democrats dealt the first ...

Projects that increase your home's value are typically eligible for a tax exclusion — but most repairs are not.

Here is what you should know about the child tax credit for this year's tax season and whether you qualify for it.

The IRS has made its annual inflation adjustments for more than 60 tax provisions, including tax rate schedules and the ...

Taxpayers preparing to file the 2024 tax returns should ensure they're claiming the tax credits and deductions they're ...

The secret is in leveraging both tax deductions and tax credits. Before you start your tax return, let’s clarify the differences between a tax credit and a tax deduction and how both work to ...

A tax credit directly reduces your tax liability on a dollar-for-dollar basis. This makes it a better option than a tax ...

One important consideration: Interest deductions are allowed on up to $ ... Learn more about the child and dependent care tax credit including how to qualify and what it’s worth.

For the 2024 tax year (taxes generally filed in early 2025), the EITC is worth up to $4,213 if you have only one qualifying child. That figure increases to $6,960 for two kids and up to $7,830 for ...

North Dakota lawmakers have slashed income taxes to the point where various programs doling out deductions and tax credits ...