But this doesn't mean it's the same as a deduction. Here's a guide to tax credits, what they are and how they work. Start the day smarter. Get all the news you need in your inbox each morning.

Edmunds takes a look at the key rules for buying new, buying used, and leasing electric vehicles—and then digs into the ...

Some Connecticut lawmakers, along with advocates from the United Way of Connecticut, want to establish a $600 child tax ...

Businesses that hire eligible unemployed veterans can take advantage of a Work Opportunity Tax Credit (WOTC). This credit is also available to certain tax-exempt organizations. After recent ...

farm work or employment through a nonprofit or religious organization that doesn’t pay Social Security taxes. The minimum amount of credits you need to earn to receive benefits depends on the ...

Tax credits on groceries purchased in Idaho would increase under a new proposal introduced by House Majority Leader Jason Monks, R-Meridian, on Monday. Katherine Jones / Idaho Statesman Idaho ...

As proposed, the refundable tax credit would be equal to 5% of a household’s income for every child they have younger than seven years old. The credit is capped at a maximum of $1,000 per year ...

Albany, NY — Senator James Skoufis and Assemblymember Harry Bronson are advocating for the inclusion of the Work Opportunity Tax Credit (WOTC) in New York's fiscal year 2026 state budget.