What is The Work Opportunity Tax Credit?
Employers are always looking for ways to reduce their tax liability. One way to do this is through a lesser-known hiring program called the Work Opportunity Tax Credit. In this
2022 Credit for Child and Dependent Care Expenses
You may be able to take the credit for child and dependent care expenses if you pay someone to watch your dependent child (12 or younger), your disabled spouse, orRead More
8 Tax-Saving Tips For Working Parents
Let’s face it, kids are expensive to raise. From childcare costs to college expenses, it seems like more money is going out than in each year. For parents, it’s especiallyRead More
10 Small Business Tax Credits Every Entrepreneur Should Know
There are numerous tax deductions and credits that can help small business owners reduce their tax liability. Although deductions can help lower taxable income and potentially put businesses into aRead More
How Much is The Child Tax Credit Worth?
During the coronavirus pandemic, the American Rescue Plan temporarily boosted the maximum Child Tax Credit amount to $3,000 (children between the ages of 6 and 17) and $3,600 (children underRead More
Are You Eligible For The Earned Income Tax Credit?
According to the IRS, approximately 25 million taxpayers received the Earned Income Tax Credit (EITC) in 2021. The average credit amount per taxpayer was around $2,411. For those who qualify,Read More
2023 Education Tax Credits at a Glance
Eligible taxpayers who pay college expenses for themselves, their spouses, or their dependents may be able to take advantage of two 2023 education tax credits. Both the American Opportunity TaxRead More