Tax Credits

The COVID-19 pandemic resulted in numerous modifications to federal tax credits that assisted families in meeting their financial obligations. The pandemic of COVID-19 is now less severe. The IRS has terminated several coronavirus tax…

If you understand what tax deductions and tax credits are, how they operate, and how to apply for them, you can save a ton of money. A tax deduction reduces your taxable income, so reducing your overall tax burden. When you deduct the…

Beginning on January 1, many Americans will be eligible for a tax credit of up to $7,500 if they purchase an electric vehicle.  The credit, implemented as part of the Inflation Reduction Act, is intended to increase sales of electric…

At least 20 states already offer one-time tax rebates and tax credits to help residents manage the rising cost of living in the face of extraordinarily high inflation and rising interest rates. The United States is seeing its highest…