How Much is The Child Tax Credit Worth?
During the coronavirus pandemic, the American Rescue Plan temporarily boosted the maximum Child Tax Credit amount to $3,000 (children between the ages of 6 and 17) and $3,600 (children under
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Are You Eligible For The Earned Income Tax Credit?
According to the IRS, approximately 23 million taxpayers received the Earned Income Tax Credit (EITC) in 2023. The average credit amount per taxpayer was around $2,541 (for tax year 2022).
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Education Tax Credits at a Glance
Eligible taxpayers who pay college expenses for themselves, their spouses, or their dependents may be able to take advantage of one of two education tax credits. Both the American Opportunity
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The New Child and Dependent Care Tax Credit for 2021
You may be eligible to claim up to $16,000 in childcare costs on your 2021 tax return through the expanded child and dependent care tax credit. See if you qualify!
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Who Can Claim the Adoption Tax Credit?
The adoption tax credit can help families offset some of the expenses incurred during the adoption process, but there are many variables involved.
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What is the Lifetime Learning Credit?
The Lifetime Learning Credit can help you lower your tax bill. If you, your spouse, or a dependent is taking college classes, don't forget to check it out!
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Understanding the Child Tax Credit
If you’re a new parent or this is your first time filing taxes, it helps to understand how the Child Tax Credit (CTC) works and what could be changing soon.
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