credits Archives

What families need to know about the new tax law

Jul 31, 2025 | Individuals

The One, Big, Beautiful Bill (OBBB) has introduced many tax changes that could affect families. Here are a few of the new tax provisions.

What the new tax law could mean for you

Jul 21, 2025 | Individuals

President Trump signed the One, Big, Beautiful Bill Act into law on July 4. Favorable changes may affect you and your family.

What individuals should know about The One, Big, Beautiful Bill

Jun 26, 2025 | Individuals

Curious how The One, Big, Beautiful Bill could affect taxes for you and your family? Here are seven key tax breaks in the bill

Financial relief for families: The benefits of the Child Tax Credit

Apr 3, 2025 | Individuals

The Child Tax Credit is critical for many families. But, many taxpayers will see the credit cut in half in 2026 if Congress doesn’t act.

The adoption tax credit: Easing the financial journey of parenthood

Feb 13, 2025 | Individuals

Adopting a child can be expensive. Fortunately, the adoption tax credit may be available for many parents to take advantage of.

Understanding the $7,500 federal tax credit for buying an electric vehicle

Sep 19, 2024 | Individuals

Interested in buying a plug-in electric vehicle? You may be eligible for a valuable federal tax credit. Here are the rules.

Update on IRS efforts to combat questionable ERC claims

Feb 1, 2024 | Small Business

Aggressive marketing encouraging businesses to claim the pandemic-related Employee Retention Credit led to many taxpayers erroneously receiving refunds. The IRS has a program that allows them to come forward and repay part of the money before collection efforts begin.

Pocket a tax break for making energy-efficient home improvements

Sep 21, 2023 | Individuals

Making energy efficient home improvements may allow you a beneficial tax break.

Can your business benefit from the Employee Retention Credit?

Jan 25, 2021 | Small Business

COVID-19 has shut down many businesses, causing widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls are eligible for a refundable Employee Retention Credit (ERC), which was extended and enhanced in the latest law. Background on...

Do your employees receive tips? You may be eligible for a tax credit

Feb 24, 2020 | Small Business

Are you an employer who owns a business where tipping is customary for providing food and beverages? You may qualify for a tax credit involving the Social Security and Medicare (FICA) taxes that you pay on your employees’ tip income. How the credit works The FICA...

Adopting a child? Bring home tax savings with your bundle of joy

Feb 17, 2020 | Individuals

If you’re adopting a child, or you adopted one this year, there may be significant tax benefits available to offset the expenses. For 2019, adoptive parents may be able to claim a nonrefundable credit against their federal tax for up to $14,080 of “qualified adoption...

401(k) plan highlights of the SECURE Act

Jan 20, 2020 | Small Business

Late last year, Congress passed, and the President signed into law, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act). Among its most notable rule changes are those pertaining to 401(k) plans. Here are some key highlights. New tax credit...

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