From the tax credits Tag

2019 Available Above-the-Line Tax Deductions and Credits – Did You Know?

Even if you don’t itemize deductions, you may be eligible to claim multiple above-the-line deductions and/or tax credits on your 2019 federal tax return. Above-the-line deductions reduce your tax by lowering your taxable income. […]

Understanding Tax Deductions & Credits

Business taxes are governed by a large volume of tax codes, rules, regulations and procedures. Knowing the ins and outs of these various requirements can make the difference between a tax refund or a […]

Arizona Tax Credits – What are they?

Arizona has several tax credits available to its citizens. Many Arizonans could reduce their state tax liability dollar for dollar if they took advantage of the credit opportunities. The list below shows each of […]

Are You Taking All the Tax Credits Available to You?

Tax credits offer a dollar-to-dollar reduction in the amount of taxes you may owe, or increase the amount of refund you may receive. This makes them much more popular than a tax deduction, which […]

Tax Credits and Deductions Expiring in 2013

Tax credits and deductions have become an important part of the tax code and a significant benefit to many tax payers. Some credits, like the investment credit for business in American Samoa, are rarely […]

Tax Credits ease the Tax Pain

Taxes are worse than bills on the pain scale. But tax credits can ease the pain, sometimes substantially. A tax credit reduces the amount of tax you must pay. A refundable tax credit not […]