Learn how the Claim of Right doctrine may provide a tax deduction or credit when you repay income reported and taxed in an earlier year.
Learn about the Sec 25C Energy Efficient Home Improvement Credit, eligible upgrades, limits, and tax-saving strategies.
Learn about the U.S. adoption credit, including eligibility, maximum credit, special needs considerations, AMT interaction, and employer-reimbursed expenses to help alleviate adoption costs.
Learn about the renewed and enhanced energy improvement tax credit for 2023, offering a $1,200 annual limit and a 30% credit rate.
Included in The American Rescue Plan Act of 2021 was a one-year groundbreaking enhancement of the child tax credit for 2021 only.
With the recent passage of the Inflation Reduction Act of 2022, the electric vehicle credit has undergone some major changes.
If you are considering purchasing an electric vehicle and expect to receive a federal tax credit along with the purchase, you better do your homework first.
This is an overview of the several tax benefits that were included in the American Rescue Plan Act recently passed by Congress that will impact families with children and lower-income taxpayers during 2021. These include increased … Read More
A federal tax credit for the purchase and installation costs of a residential solar system has been extended through 2023. The credit for 2021 and 2022 is 26% of the cost of the solar installation but … Read More
Some holiday gifts you provide to members of your family, employees and others may also yield tax benefits. Here are some examples: