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
-
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: Filing & refunds
Get it done right the first time with this advice on free filing, e-filing, documentation and refunds.
Jan 05, 2010 -
10 astute tax moves in 2010
Start saving today on next year’s taxes with these simple strategies for lowering your IRS bill.
5 min read Dec 29, 2009 -
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 -
Rules for the child care tax credit
The IRS has rules for claiming the child care credit if you pay a relative to provide the care.
2 min read Aug 13, 2009 -
When to pay US income tax
What are the income tax rules if you live in the U.S. but do business in other countries?
2 min read Jun 11, 2009 -
Claiming the economic stimulus payment
If you didn’t get the recovery rebate credit in 2008, you may be able to claim it this year.
2 min read Feb 24, 2009 -
How do I: Calculate my taxable income?
Doing your taxes can be a headache, and figuring out your taxable income is no exception.
2 min read Jan 25, 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 -
Gain on rental real estate
Owners of condemned rental real estate can defer capital gains if they purchase another rental.
3 min read Oct 16, 2008 -
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 -
Qualifying for earned income credit
Workers have to qualify for earned income credit, says CPA George Saenz.
1 min read Jan 30, 2008