Tax Credits

The Latest

  • August 9, 2010

    When figuring out which tax credits you will be able to claim on your income tax return, it is important to know whether those credits are refundable or non-refundable. These terms mean something different than a non-refundable purchase in a...

  • August 9, 2010

    No matter the year, there are many tax credits that you can take advantage of. Even if you do not qualify for any of them, it is important to know what they are. Tax credits can help you pay for everything from going to college to raising a...

  • August 9, 2010

    A tax credit is generally much more useful than a tax deduction or write-off, because it decreases your tax liability dollar for dollar, while a deduction only lowers the amount of income you are taxed on. Some credits, called refundable tax...

  • August 9, 2010

    Ask anyone and they will surely tell you they pay too much in taxes.  Fortunately, the federal government and many states have responded by creating a means to rebate taxes in the form of tax deductions and tax credits.  Tax credits are not...

  • August 9, 2010

    Ask anyone and they will surely tell you they pay too much in taxes. Fortunately, the federal government and many states have responded by creating a means to rebate taxes in the form of “tax credits.” Tax credits do not reduce your taxable...