Tax Credits
A tax credit is an incentive that lets a taxpayer reduce the total amount of tax owed. Find out which tax credits are available to you.
Tax Basics
Latest Tax Credit Articles
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When to pay US income tax
What are the income tax rules if you live in the U.S. but do business in other countries?
2 min read Jun 11, 2009 -
Claiming the economic stimulus payment
If you didn’t get the recovery rebate credit in 2008, you may be able to claim it this year.
2 min read Feb 24, 2009 -
How do I: Calculate my taxable income?
Doing your taxes can be a headache, and figuring out your taxable income is no exception.
2 min read Jan 25, 2009 -
Audio: Wise tax moves for 2009
Here are new tax laws you’ll need to know in order to file in 2009.
1 min read Jan 13, 2009 -
Life insurance to pay off debt
When life insurance is used to pay off a loan, it’s an exception to the tax-free rule.
1 min read Nov 05, 2008 -
Valuing goodwill
Helping a new owner learn the ropes should be reflected in the purchase price of the business.
2 min read Oct 23, 2008 -
Gain on rental real estate
Owners of condemned rental real estate can defer capital gains if they purchase another rental.
3 min read Oct 16, 2008 -
Proof for claiming dependents
The IRS rules for claiming a dependent seem simple, but proving it can be complex.
2 min read Oct 07, 2008 -
When to claim credit for the kids
The child care credit is not meant to subsidize education, but to allow parents to work.
2 min read Sep 23, 2008 -
Taxes on per diem
When figuring whether or not per diem is taxed, take into account your ‘tax home,’ says CPA George Saenz.
2 min read Sep 16, 2008