What is the Tax Credit for Health Insurance?
Health insurance can be expensive. In fact, it's one of the biggest expenses for many families. But there's help available. The government of…
Latest Posts
What is a Tax Credit?
A tax credit is a dollar-for-dollar reduction in the amount of taxes you owe. Unlike a deduction, which reduces your taxable income, a tax credit dir…
The Ultimate Guide to the Child Tax Credit for 2024
The child tax credit is a refundable tax credit that helps reduce the amount of taxes you owe. You can claim the credit if you have a qualifying chil…
The Child Tax Credit: What's New for 2023?
The Child Tax Credit (CTC) is a tax credit for parents and caregivers of children under the age of 18. The CTC was first introduced in 1997, and it h…
What is a WOTC Tax Credit?
In the United States, the Work Opportunity Tax Credit (WOTC) is a tax credit that employers can claim for hiring individuals from certain target grou…
Tax Credits: A Closer Look
A tax credit is a dollar-for-dollar reduction in the amount of taxes you owe. Unlike a tax deduction, which reduces your taxable income, a tax credit…
What is the Student and Education Tax Credit (SETC)?
The Student and Education Tax Credit (SETC) is a tax credit that helps offset the cost of college tuition and fees for eligible students. The credit …
Earned Income Tax Credit: A Lifeline for Low- and Moderate-Income Families
The Earned Income Tax Credit (EITC) is a crucial tax credit that helps low- and moderate-income working families make ends meet. It is a refundable t…
What You Need to Know About Premium Tax Credits for Health Insurance
As a veteran journalist, I've seen firsthand the struggles people face when it comes to accessing affordable health insurance. That's why I&#…
The Fee for Paying Taxes with a Credit Card
If you're short on cash and need to pay your taxes, you may be wondering if you can use a credit card. The answer is yes, but it will cost you.Th…