Child tax credit may face changes under Trump
With President Trump’s return, the future of the child tax credit is uncertain. Currently capped at $2,000 per child under the 2017 Tax Cuts and Jobs Act, the credit could revert to $1,000 in 2026 unless Congress acts. Bipartisan support exists to maintain the $2,000 credit, but no guarantees are in place.
President Trump is clear about his opposition to “unfair” EV incentives. Tesla and General Motors stand to bear the brunt if the federal EV tax credit is eliminated.
Scammers are exploiting the IRS's recent initiative to distribute unclaimed $1,400 Recovery Rebate Credits to eligible taxpayers.
The Trump tax cuts are set to expire later this year, and that poses a real challenge for policymakers, businesses, and taxpayers alike. Americans face a ...
During and after the pandemic, the ERC and other tax credits were big business for tax professionals. But the IRS denied bogus claims, and some cases are criminal.
You may now qualify for several new tax credits and deductions depending on your income level. The Child Tax Credit has ...
Although the incoming administration vowed to end the EV incentives, buyers can still benefit, and these are all the EVs that ...
A historic 2025 tax debate is formally underway. A lot of the early focus is on an issue well known to pretty much every ...
Credit for Caring Act 2024 in any tax legislation both Houses advance. This legislation would create a new, non-refundable federal tax credit of up to $5,000 for eligible working family caregivers to ...
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