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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First-time homebuyer tax credit payback
Repaying the original homebuyer tax credit has been streamlined in 2011 on Form 1040.
1 min read Feb 07, 2012 -
How 3 homeowners fought property tax bills
Property taxes are appealing only when that means you’re fighting them. See how it’s done.
3 min read Jan 25, 2012 -
12 tempting tax tips for 2012
No new taxes are planned, but you may want to take advantage of loopholes before they close.
5 min read Dec 27, 2011 -
Getting tax credit for education expenses
Use the American opportunity credit to help pay college costs, including tools required for school.
3 min read Aug 25, 2011 -
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 -
Financial help with raising grandchildren
Don’t let childrearing chores interfere with your retirement security.
3 min read Feb 23, 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 -
401(k) withdrawal rules can be tricky
You lose the separation-from-service exception to avoid a tax penalty if you roll over funds to an IRA.
2 min read Nov 09, 2010 -
What to do if Bush tax cuts expire
You can take some steps to minimize your tax bill should Congress decide not to extend the tax cuts.
7 min read Sep 14, 2010 -
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 -
5 questions about the homebuyer tax credit
Does the IRS owe you a refund for the homebuyer tax credit? Here are a few answers.
6 min read Feb 18, 2010 -
Homebuyer tax credit extended, expanded
In 2009, lawmakers improved the homebuyer tax credit. Find out how it reduces your tax bill.
5 min read Feb 04, 2010 -
7 new tax laws to know
Several new tax laws made it into the IRS Code. See which ones might help cut your tax bill.
4 min read Feb 01, 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: How do I …?
We’re here to help make your tax preparations easier than ever!
Jan 05, 2010