Tax Credits
Tax Tips for the Affordable Care Act (ACA)
Learn How the New Health Care Law Impacts Your Taxes Beginning in 2014, the Individual Shared Responsibility provision of the Affordable Care Act takes…
Income Tax Credits Explained
Learn How Tax Credits Can Reduce What You Owe A tax credit is a dollar-for-dollar reduction in the amount of tax that you owe. For…
The Child and Dependent Care Credit
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2015/01/Child_Care_Tax_Credit_Explained.mp4"][/video] Many parents and people caring for dependent family members can receive a tax credit for expenses paid to care for these individuals. This…
The Foreign Tax Credit
There is a tax credit or deduction available for those who have paid taxes on foreign earned income if they also paid U.S. taxes in…
Married Filing Jointly
Tax Considerations for Newly Married Couples you’re getting married, taxes are probably the last thing you want to think about. However, it is still important…
An Overview of Tax Deductions
It is in your best interest to take advantage of every tax credit and deduction available to you. With tax laws constantly changing and the…
Tax Credit vs Deduction
Use Tax Breaks to Lower Your IRS Bill As you probably know, tax credits and tax deductions can help reduce your overall income tax liability.…
What Is A Tax Credit?
Understanding Tax Credits & How They Lower Your Tax Liability Many people are under the impression that tax credits and tax deductions are the same thing. While they are…
