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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What makes up the ‘fiscal cliff’?
Expiring tax breaks and spending cuts may create an avalanche of revenue, but look out!
Dec 17, 2012 -
Small-biz tax write-offs
Do you know which tax write-offs you can claim being a small business?
1 min read Feb 22, 2012 -
Claim home energy tax credits for 2010
If you made home energy-efficiency improvements, you could qualify for a tax credit.
3 min read Aug 17, 2011 -
Uncle Sam helps out with children’s day care
Expenses paid with a flexible spending account can’t be claimed for the child care credit.
2 min read May 10, 2011 -
Claiming the Making Work Pay credit
Claiming the Making Work Pay credit requires more tax paperwork, such as filling out Schedule M.
2 min read Feb 10, 2011 -
2010 exemption amounts
You can take an exemption for yourself, your spouse and each dependent you claim.
1 min read Jan 05, 2011 -
How to lower business income and taxes
It’s more profitable for business owners to hire a CPA who can provide alternative tax strategies.
1 min read Aug 24, 2010 -
Woman ineligible for homebuyer tax credit
Even if you have no ownership interest in your spouse’s home, you cannot get a tax credit.
2 min read Aug 03, 2010 -
New hires save businesses money
To promote employment, the HIRE Act rewards businesses hiring workers.
2 min read May 27, 2010 -
More twists on the homebuyer tax credit
A couple with a home inside an LLC wants to buy it and claim the first-time homebuyer tax credit.
2 min read Mar 25, 2010 -
Claiming tax credit for a caregiver
You can claim a tax credit or a medical deduction for a caregiver, or a combination of both.
2 min read Jan 28, 2010 -
Bankrate’s 2010 Tax Guide: Filing & refunds
Get it done right the first time with this advice on free filing, e-filing, documentation and refunds.
Jan 05, 2010 -
Bankrate’s 2010 Tax Guide: Family and education
You care for your children and dependents all year. At tax time Uncle Sam may take care of you.
Jan 05, 2010 -
Bankrate’s 2010 Tax Guide: How do I …?
We’re here to help make your tax preparations easier than ever!
Jan 05, 2010 -
5 ways to slash home energy bills
High home energy bills zapping your wallet? These five steps can save power and juice savings.
4 min read Dec 14, 2009 -
Will you have to pay back your tax credit?
Taxpayers who owe can take some steps now to correct overpayment of the Making Work Pay credit.
3 min read Nov 20, 2009 -
Co-signer’s daughter can’t get home tax credit
A woman who receives a home from her father is ineligible for the homebuyer tax break.
1 min read Oct 28, 2009 -
Tax credit for home energy efficiency?
If you missed out on earlier tax credits, they are being reintroduced. But there is a limit.
1 min read Aug 20, 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