Tag #Tax Credits

Showing 13 to 22 of 22 results

abcnews.go.com
🌐 75% Global Worthiness
News related image

Maximizing Tax Savings for Parents: Key Credits and Deductions for 2024

As Tax Day (April 15) nears, parents can maximize tax refunds and savings through credits like the Child Tax Credit (up to $2,000 per child under 17, $1,700 refundable), Earned Income Tax Credit (EITC, potentially up to $7,830 for a three-child family in 2024), Dependent Care FSA (up to $5,000 for j...

Progress

16% Bias Score

No Poverty
forbes.com
🌐 85% Global Worthiness
News related image

IRS Direct File Aims to Increase Tax Credit Claims, Reduce Poverty

The IRS's new Direct File online tax filing tool, available in 25 states, aims to increase claim rates for the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC), which together lifted 6.4 million people out of poverty in 2023; a 12-state pilot program showed 90 percent of users rated their ...

Progress

36% Bias Score

No Poverty
cnbc.com
🌐 75% Global Worthiness
News related image

2024 Tax Season: Key Changes and Deadlines

The IRS started accepting 2024 tax returns on January 27th, with an April 15th deadline; key changes include expanded free filing options, updated tax brackets, and a modified threshold for reporting digital payments exceeding $5,000.

Progress

36% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
News related image

Massachusetts Implements Sweeping Policy Changes in 2025

Massachusetts will see significant policy changes in 2025, including a salary transparency law (effective October 29th), provisions in the Affordable Homes Act to seal eviction records (May 5th) and create accessory dwelling units (February 2nd), an expanded child and family tax credit, increased ve...

Progress

44% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
News related image

ECCA Proposes $5 Billion Federal School Voucher Program

Representative Adrian Smith's Educational Choice for Children Act of 2024 proposes a $5 billion federal tax credit school voucher program, allowing taxpayers to contribute to Scholarship Granting Organizations (SGOs) for private school expenses, with eligibility based on 300% of area median gross in...

Progress

48% Bias Score

Quality Education
apnews.com
🌐 75% Global Worthiness
News related image

Jones Proposes Major Expansion of Georgia Child Care Tax Credits

Georgia Lieutenant Governor Burt Jones proposed expanding child care tax credits, including a new $250 credit per child under 7, a $300 increase to the existing credit, and a larger employer credit for on-site care, potentially costing $100-$200 million annually, while Democrats proposed even more g...

Progress

36% Bias Score

Quality Education
forbes.com
🌐 85% Global Worthiness
News related image

House GOP Proposal to Eliminate Lifetime Learning Credit

A Republican proposal seeks to eliminate the Lifetime Learning Credit (LLC), a tax benefit allowing up to a $2,000 deduction for higher education expenses, impacting graduate students who already face significant debt; the proposal is part of a broader plan to offset tax cuts.

Progress

52% Bias Score

Quality Education
npr.org
🌐 75% Global Worthiness
News related image

Trump's Presidency and the Future of Solar Power in the US

Facing uncertainty over potential changes to federal tax credits and tariffs under the Trump administration, some homeowners are rushing to install solar panels, while others delay or choose alternative energy sources, significantly impacting the solar industry's growth and consumer behavior.

Progress

40% Bias Score

Affordable and Clean Energy
cnbc.com
🌐 45% Global Worthiness
News related image

Last-Minute Tax Savings Strategies for 2024

Before the December 31st deadline, taxpayers can lower their 2024 tax bill by maximizing 401(k) contributions (up to \$23,000, or \$30,500 for those 50 and older), employing tax-loss harvesting to offset investment losses against gains, and utilizing tax credits for energy-efficient home improvement...

Progress

52% Bias Score

Reduced Inequality
aljazeera.com
🌐 % Global Worthiness
News related image

Repealing the EV Tax Credit: Impacts on Tesla and the US Market

Analysis of the potential consequences of repealing the US electric vehicle tax credit, including impacts on Tesla, other automakers, and the overall EV transition.

Progress

0% Bias Score

Showing 13 to 22 of 22 results