The "kiddie tax" is a provision in the U.S. tax code that taxes unearned income (such as interest, dividends, and capital gains) of children at their parents' tax rate, rather than at the child's own lower tax rate. The purpose...
Read moreI earlier posted a detailed article on premium tax credit for awareness about various features of this health related refundable tax credit. So, it looks like , there must be a myth buster post about this beautiful health related scheme...
Read moreA refundable tax credit is a type of tax credit that can be claimed by individuals or families who owe little or no income tax. These credits can be used to reduce the amount of taxes owed or, if the...
Read moreThe 2022 child tax credit calculator is created for fast estimating the CTC , you can avail in the tax year 2022 when the CTC rules are not same as the tax year 2021 when the enhanced child tax credits...
Read moreCalifornia solar incentives have worked wonders for the state that is bestowed with year-round sunny skies. Thanks to six solar energy incentives for its residents, the state of California now ranks as one of the highest solar power-generating states in...
Read moreSolar tax credit 2023 is a golden opportunity, like the tax credit for buying an electric vehicle I posted earlier. This tax-saving opportunity arose as Congress extended the original Energy Policy Act of 2005. Consequentially, individuals and businesses can invest in the...
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