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Tax Credits

What is a tax credit?

Many people are under the impression that tax credits and tax deductions are the same thing. While they are both types of tax breaks and…


Ways You Can File Taxes Online For Free

If you are counting on your tax refund to help you pay the bills, that probably means you don’t have a lot of extra cash…


What's the best tax break for childcare expenses?

Most working parents have only one way of getting a tax break on the expenses they pay for childcare – the special tax credit allowed…


Smart move: Deduct your relocation expenses

Did you move for a job last year? You may be entitled to a deduction for your unreimbursed moving expenses.NEW YORK (MainStreet) — Did you…


Do I need my babysitter’s Social Security number?

You do. That is, if hope to take a child-care credit on your income tax return without running into problems with the IRS.The child-care credit…


The residential energy credit returns

But not every new window, door, boiler, furnace, heater or roofing improvement will qualify.NEW YORK (MainStreet) — One of the expired tax breaks extended by…


How the low- and middle-class can get ahead at tax time

Too many Americans are missing out on free tax prep and filing, the Earned Income Tax Credit and more.NEW YORK (MainStreet) — Pew Research calls…


Don’t miss Uncle Sam’s credit on retirement saving

If your household income last year was $57,500 or less, you could be leaving money on the table this tax season.Uncle Sam offers a tax…