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

Long-term capital gains tax basics

Certain windfalls and profits are considered capital gains. Here’s how to determine what you’ll owe.

10 min read

2024-2025 tax brackets

Knowing your federal income tax bracket can help you manage your money better. Here are the federal tax brackets and income tax rates for 2025 and 2024.

8 min read

Section 179 vs. bonus depreciation

The Section 179 deduction and bonus depreciation both let businesses write off expenses quickly. Here’s what you need to know.

6 min read

10 tax deductions and tax credits

These 10 tax credits and deductions can help you trim your tax bill and, in some cases, even boost your refund.

7 min read

Latest Tax Credit Articles

Sales tax holiday in Florida

Florida’s sales-tax holiday can save shoppers a few dollars as long as they follow all the rules.

1 min read Jul 22, 2015
Sales tax holiday in Louisiana

Louisiana’s sales-tax holiday can save shoppers a few dollars as long as they follow all the rules.

1 min read Jul 22, 2015
Sales tax holiday in Missouri

Missouri’s sales-tax holiday can save shoppers a few dollars as long as they follow all the rules.

1 min read Jul 22, 2015
Sales tax holiday in South Carolina

South Carolina’s sales-tax holiday can save shoppers a few dollars as long as they follow all the rules.

1 min read Jul 22, 2015
Sales tax holiday in Tennessee

Tennessee’s sales-tax holiday can save shoppers a few dollars as long as they follow all the rules.

1 min read Jul 22, 2015
Sales tax holiday Texas

Texas’ sales-tax holiday can save shoppers a few dollars as long as they follow all the rules.

1 min read Jul 22, 2015
Sales tax holiday in Arkansas

Arkansas’s sales-tax holiday can save shoppers a few dollars as long as they follow all the rules.

Jul 22, 2015
Sales tax holiday in Alabama

Alabama’s sales-tax holiday can save shoppers a few dollars as long as they follow all the rules.

1 min read Jul 22, 2015
Sales tax holiday in Connecticut

Connecticut’s sales-tax holiday can save shoppers a few dollars as long as they follow all the rules.

1 min read Jul 22, 2015
Sales tax holiday Virginia

Virginia’s sales-tax holiday can save shoppers a few dollars as long as they follow all the rules.

1 min read Jul 22, 2015
Sales tax holiday in Oklahoma

Oklahoma’s sales-tax holiday can save shoppers a few dollars as long as they follow all the rules.

1 min read Jul 22, 2015
Sales tax holiday in Ohio

Ohio’s sales-tax holiday can save shoppers a few dollars as long as they follow all the rules.

1 min read Jul 22, 2015
Home sweet homeowner tax breaks

Owning a home offers lots of benefits, including ways to reduce your tax bill.

7 min read Jul 15, 2015
Hire a pro to find missed tax breaks?

Here’s how to find a tax pro who can determine if you missed out on some tax breaks.

2 min read Jan 20, 2015
Health care tax credit glitch for filers

Taxpayers who received an Obamacare tax credit may be shocked at filing time.

4 min read Jan 06, 2015
The skinny on reverse 1031 exchange rules

There’s a way to buy a property before selling your 1031 like-kind exchange, but be careful.

2 min read Oct 02, 2014
How to dispose of a 1031 exchange

You accounted for the 1031 property when you acquired it, so the IRS knows about it.

2 min read Apr 29, 2014
Can I claim Mom as a dependent?

You have to meet certain tests to claim your mother as a dependent on your taxes.

2 min read Apr 03, 2014
Proof needed to claim earned income credit

The IRS requires tax preparers to furnish proof of a child’s residency to claim the EITC.

2 min read Mar 18, 2014
Homebuyer tax credit claims and payback

Some taxpayers will have to claim the first-time homebuyer credit or begin paying it back.

4 min read Feb 21, 2013