Thankfully, many credit card issuers are offering discounts on popular tax software programs that can save you $5 to $20 when you pay with an eligible card. The current discounts are nearly all for TurboTax, however two issuers are offering TaxAct. These discounts are a great way to reduce...
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1. Age test.Your child has to be 16 or younger at the end of the tax year to qualify for the Child Tax Credit. Since it’s the child’s age on December 31 that matters, a kid that turns 17 or older at any time during the year isn’t a qualifying child for purposes of the c...
That's not a big return, but it would be higher if you owe more. Plus, a single tax payment could easily qualify you for this card's welcome bonus of $200 in bonus cash rewards after spending $500 in purchases in the first three months after opening the account. welcome bonus, chargi...
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Written by a TurboTax Expert • Reviewed by a TurboTax CPAUpdated for Tax Year 2024 • October 16, 2024 1:59 AMOVERVIEWYou are probably aware that if you fail to pay your credit card bills or other loans on time, your credit rating can suffer as a result. Not paying your income t...
The Child Tax Credit is a tax benefit that can reduce your federal income tax by up to $2,000 for each qualifying child under the age of 17. But who qualifies for the credit? To qualify, the child must meet the following criteria. ...
The work opportunity tax credit (WOTC) rewards businesses that hire workers from certain targeted groups who might otherwise be overlooked in the job market. Businesses of any size can claim the credit for as many eligible workers they employ. The credit amount depends on several fa...