Credits

Tax credits for qualified plug-in electric vehicles make their lofty cost more palatable

Auto manufacturers have significantly increased their offerings of passenger autos that are propelled solely or significantly by electric power. Plug-ins [...]

Oil and Gas Tax Benefits

Direct participation in oil and gas can generate several tax benefits. These benefits range from large up front deductions for intangible drilling costs (IDC), [...]

How to Take Advantage of Employment Tax Credits

As you’re probably well aware of by now, Congress passed a “tax extenders” bill late in 2014 preserving dozen of expired tax provisions. Among other tax [...]

IRS Urged to Crack Down on Improper EITC and ACTC Payments

The Internal Revenue Service needs to do more to reduce the risk of improper payments of the Earned Income Tax Credit and the Additional Child Tax Credit, [...]

Credit Suisse ‘aided’ US tax evaders

Credit Suisse "helped its US customers conceal their Swiss accounts" and avoid billions of dollars in American taxes, a report has alleged. It claims the [...]

Save Money with the Child Tax Credit

If you have a child under age 17, the Child Tax Credit may save you money at tax-time. Here are some facts the IRS wants you to know about the [...]

Six Facts about the American Opportunity Tax Credit

American Opportunity Tax Credit There is still time left to take advantage of the American Opportunity Tax Credit, a credit that will help many parents and [...]