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

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
Can big casino comps be offset with gambling losses?

Figuring whether to include casino comps as taxable income is like playing roulette.

2 min read Aug 07, 2008
Income limits for IRAs

Income limits rule for spouses who want to contribute to a deductible IRA, says CPA George Saenz.

2 min read Jul 23, 2008
Cooling a tax bill with energy credits

You can earn tax credits when replacing your air conditioning system as long as it meets the energy-efficient requirements, says CPA George Saenz.

2 min read Dec 08, 2006