The federal $7,500 EV tax credit is extended through 2025, but restrictions affect who qualifies and how it applies, making ...

1. Child Tax Credit increases in 2025 Trump's 'Big, Beautiful Bill' raises the federal child tax credit from $2,000 to $2,200 per qualifying child on your 2025 tax return.

First-Time Homebuyer Credit: A $10,000 tax credit for first-time homebuyers, coupled with downpayment assistance of up to $25,000 for all eligible first-time homebuyers ...

A few tax credits can greatly increase the amount of money you get back on your return. Here's more about what they are, and how you can qualify for these tax breaks.

Federal Tax Credits ORG announces managed assistance service for the expanded 2025 R&D Tax Credit, helping mid-market businesses claim ...

How tax credits work Credits are subtracted from your total tax bill. Say your total tax bill is $4,000 and you claim a credit worth $2,000 — you will only be responsible for paying $2,000 in taxes.

IRS tax return common credits and tax deductions Tax season officially begins on January 27, when the IRS starts accepting returns. So, it's a good time to use these and other tax breaks (if you ...

If you qualify for a solar tax credit of $8,000, you can only use $7,000 of that credit on this year’s return. However, the IRS allows you to claim the remaining $1,000 as a credit in future tax ...

Several tax breaks can help you cover the high costs of education, future college expenses and interest you pay on student ...

The federal tax credit calculation is straightforward: Donors receive a tax credit of 15 per cent on the first $200 of ...