Tax Breaks
Latest
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Tax Credit vs. Tax Deduction: What’s the Difference?
Tax Breaks Your guide to tax deductions and credits, how the IRS treats them differently, and how they impact your tax bill.
By Kate Schubel Published
Tax Breaks -
How Inflation Impacts Your Taxes
Inflation The impact of inflation on federal income tax brackets and some other tax credits might not be all bad.
By Kelley R. Taylor Last updated
Inflation -
States Sending 'Stimulus' Checks in 2024
Rebate Checks Some people are receiving one-time state rebate checks. Is your state sending money?
By Kelley R. Taylor Last updated
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Premium Tax Credit: Are You Eligible For This Health Insurance Tax Break?
Tax Credits The tax credit can help qualifying individuals pay for coverage from the Affordable Care Act’s health insurance marketplace.
By Gabriella Cruz-Martínez Published
Tax Credits -
How the EV Tax Credit Works 2024
Tax Credits The EV federal tax credit of up to $7,500 can be complicated. Here's what you should know.
By Kelley R. Taylor Last updated
Tax Credits -
Voters Approve New Veteran Property Tax Relief
Tax Relief Thanks to the election, some Veterans will soon see expanded property tax exemptions.
By Kate Schubel Last updated
Tax Relief -
15 States That Don't Tax Pension Income
Retirement Taxes There are some states that don't tax pension income regardless of your age or how much money you have.
By Katelyn Washington Last updated
Retirement Taxes -
IRS: Here’s How to Recover Your Tax Records After a Natural Disaster
Tax Records Your tax documents can help you get federal relief faster, the IRS says.
By Gabriella Cruz-Martínez Published
Tax Records -
Earned Income Tax Credit (EITC) 2024: How Much Will You Get?
Tax Credits The refundable amount for workers with or without children is slightly higher this year. Here’s what you need to know.
By Gabriella Cruz-Martínez Last updated
Tax Credits