The child and dependent care credit offsets childcare costs for low- to moderate-income American families and can be claimed alongside other above-the-line tax deductions and tax credits.

As the 2025 tax season unfolds, understanding the nuances of the child tax credit can significantly impact your financial ...

The child tax credit is always one of the most popular credits claimed during tax season, but there are some things you ...

Dealing with delinquent tax debt may be one of the most stressful financial challenges a person can encounter. After all, between the mounting penalties, the Internal Revenue Service (IRS ...

The average American who hires a tax preparer to file even a simple return will spend upwards of $200, according to industry estimates. This year, however, taxpayers have more options than ...

The saver’s tax credit helps people who earn modest incomes save more for retirement. Learn whether you qualify for it and the advantages it can provide.

Elon Musk, head of the chaos-causing Department of Government Efficiency, made an assertion this week that raised questions in some people’s minds about the status of the IRS Direct File program.

The program will also support more taxpayer claims, such as child and dependent care credit, premium tax credit and credit for the elderly and disabled. A live chat option will also be available ...

Only one person can claim tax benefits for a dependent child per tax year. Generally, the custodial parent – the parent with whom the child lived with the majority of the year – claims the ...

WASHINGTON (AP) — Billionaire tech mogul Elon Musk posted Monday on his social media site that he had “deleted” 18F, a government agency that worked on technology projects such as the IRS ...

Seventeen years after Congress enacted IRC Section 2801, the IRS (finally) released final regulations implementing the law on Jan. 10, 2025. It’s been a long wait. The regulations clarify (to a ...

Parents can claim their children as dependents on their returns and can claim certain tax credits. but split custody has different rules altogether.