The child tax credit is a type of tax credit available to parents and guardians who want to reduce the amount of tax they pay this year.
This tax credit will take your overall tax bill and reduce it dollar for dollar. It’s one of the most rewarding types of tax credits working people can take. If you have a qualifying income, you may be able to take the full value of the child tax credit.
It all depends on how many qualifying children you have and how much you make, though.… Read the rest
If you are expecting a tax refund, you probably want to know just how much of a refund you’ll be getting back in taxes? However, coming up with an accurate estimate is not always easy. So, today, we will discuss two websites that offer a free online tax refund calculator for 2020, 2021.
The Federal Solar Tax Credit is a credit you can claim for installing solar powered equipment in your home, which can ultimately reduce the amount of tax you need to pay to good old Uncle Sam.
The Environmental Protection Agency and the Department of Energy wants to encourage Americans to switch to solar power through the Energy Star program. In return for reducing your carbon footprint, you can claim the Federal Solar Tax Credit on your taxes.… Read the rest
Are you wondering who can qualify as a dependent on your tax return? This is your guide to assessing whether one of your family members may be able to be classified as a qualifying dependent when you file your taxes.
Dependent Tax Credits, Deductions, and Exemptions are Available to You!