The latest IRS news release encourages taxpayers to take advantage of Free File and claim overlooked tax credits and refunds. IRS News Release: Free File with IRS The IRS News Release reminded low- to moderate-income taxpayers to consider IRS Free…
Iowans will be expecting various tax credits this 2023. This will bring relief to homeowners in Iowa. Iowa property tax credits 2023 are as follows: Homestead Tax Credit, Family Farm Tax Credit, Elderly Tax Credit, and Military Tax Credits according…
2023 Tax Credits for Higher Education If you’re worried about the high costs of college tuition and fees, tax credits for higher education could be a possible solution. Unfortunately, as of December 31, 2020, the Tuition and Fees Deduction is…
New Tax Credits for Film Industry Texas is stepping up its efforts to attract more film and television productions to the state by enhancing tax incentives for the industry. To increase its current incentives, the state hopes to lure more…
2023 Child Tax Credit: Changes, Eligibility, and Benefits The 2023 Child Tax Credit is a valuable tool for families to offset the costs of raising children. While the enhanced credit available in 2021 has ended, the credit will continue at…
The Proposed Texas House Bill 2889 The Texas House Bill 2889 proposed by State Representative Bryan Slaton, would offer property tax credits to married couples who have not been divorced. The Texas House Bill 2889, would provide tax relief to…
Bryan Slaton, a state representative from Texas, has presented HB2889, which would grant eligible married couples 40% property tax credits. Controversial legislation based on the number of children is proposed regarding the prerequisites. Slaton supports a biblical marriage, and this…
What is First-Time Home-Buyer Tax Credit? The first-time home-buyer tax credit is a financial aid package that aims to ease the federal tax burden of new homebuyers. So, what exactly is a first-time homebuyer tax credit, and are you eligible?…
New Tax Package in New Mexico New Mexico lawmakers have proposed a $959 million new tax package to make the state’s tax code more progressive. The package includes a range of measures, such as reducing the gross receipts tax rate,…
Maryland Gov. Wes Moore Poverty Solution Maryland Gov. Wes Moore has an ambitious plan to end child poverty in the state. The proposed Family Prosperity Act aims to strengthen the Earned Income Tax Credit (EITC) and the Child Tax Credit…