Though many states have some sort of tax benefit for renters, not everyone renting a home or apartment qualifies.

As you file federal taxes, deductions and credits can help lower your tax bill — but they do so differently. Deductions reduce your taxable income by allowing you to subtract certain expenses ...

There are about two weeks left in the 2025 tax season, so you might want to get a move on. Even if you've only dipped a toe ...

“There are two valuable credits that the IRS reports one out of five people miss every year. The Earned Income Tax Credit is ...

The EV tax credit saw a major revamp in 2024, which enabled some buyers to benefit at the point of sale. But some tax ...

The proposed legislation would increase to 35% the amount of qualified production the credit would cover. Los Angeles has ...

Starting in 2025, every Pennsylvania business entity must file an annual report with the PA Department of State. The annual ...

A tax credit is better than a deduction because it reduces the filer's taxes due dollar for dollar rather than subtracting a percentage of the tax amount owed. For example, consider a taxpayer who ...

For example, if someone can spend funds deposited from a check before it has cleared, they're in constructive receipt of those funds. Constructive receipt matters for the reporting of taxable ...

For example, this means a family with three dependent ... you must file a MA income tax return to claim the Child and Family Tax Credit, even if you don’t have any income to report.

Play the USA TODAY Daily Crossword Puzzle. The Credit for Caring Act, if passed, would provide up to a $5,000 nonrefundable federal tax credit for eligible working family caregivers, that would ...