The changing diplomatic treatment of Cuba also has led to a tax change. U.S. taxpayers now can claim the foreign tax credit against Cuban taxes they paid.
More adult family members find themselves caring for their aging parents. Presidential candidate Hillary Clinton has proposed they get a $1,200 tax credit.
Presidential candidate Ben Carson needs to do away with deductions if his flat-tax plan is to work.
Volkswagen’s manipulation of its diesel autos’ emissions readings cost the company its reputation and the U.S. Treasury millions in improper tax credits.
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