Tax Credits
Premium Tax Credit
Offset the Cost of Your Health Insurance Premiums Families and individuals who get their health insurance through the Health Insurance Marketplace may be able to…
The Additional Child Tax Credit
A Refundable Tax Credit for Parents If you have children, you may be able to lower your tax bill by claiming the Child Tax Credit.…
Life Events That Can Impact Your Taxes
A change in life circumstances, whether good or bad, can affect your tax return. >> Start Your FREE E-file Here are some instances where you will…
Tax Breaks for Parents
Raising a child is expensive, but you can partially offset some of the expenses by utilizing tax deductions and tax credits that are available to…
AGI vs. MAGI: How to Calculate Each One
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2021/12/Understanding_AGI_and_MAGI.mp4"][/video] Adjusted Gross Income (AGI) and Modified Adjusted Gross Income (MAGI): When it comes to calculating your taxes, you will often hear…
The Child Tax Credit
A Tax Break for People Who Have a Qualifying Child One of the most valuable and popular federal tax credits is the Child Tax Credit. For tax…
Tax Tips for the Affordable Care Act (ACA)
Learn How the New Health Care Law Impacts Your Taxes Beginning in 2014, the Individual Shared Responsibility provision of the Affordable Care Act takes…
Income Tax Credits Explained
Learn How Tax Credits Can Reduce What You Owe A tax credit is a dollar-for-dollar reduction in the amount of tax that you owe. For…
