New legislation offers a tax credit for working adults that pay for the care of their parents without requiring that the parents be the child’s dependents for tax purposes.
The FTC is raising awareness that those serving our country need to also be wary in guarding their finances.
It doesn’t matter whether you get your health care coverage through a state or federal insurance exchange. Your tax credit to help pay for it is safe.
Several states offer tax deductions or tax credits to organ donors, but it doesn’t seem to have had much effect in increasing the donor pool.
Efforts to cope with record hot temperatures could also offer some possible tax savings.
If you’ve been watching gas prices climb and thinking about buying an electric car to stop that sucking sound of the money rushing out of your wallet at the gas pump, then there may be additional incentives within the next year. Recently, President Barack Obama asked Congress to increase tax incentives for buyers of alternative-fuel
Car buyers who purchased hybrid cars have long enjoyed perks beyond spending less at the pump due to great fuel economy. Among the biggest additional perks were federal tax credits in the thousands of dollars for many buyers, as well as the privilege of driving in the carpool lanes in many states when driving solo.