Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the additional money. Fully refundable tax credits are just the opposite -- if your refundable tax credits are more than the income taxes that you owe, you will receive the extra amount back in a tax refund.

With the Internal Revenue Service now accepting 2024 tax returns some taxpayers are already counting down the days until they receive their refund. However, the IRS says taxpayers who claim a pair of tax credits might be waiting longer than anticipated to receive their money.

Minnesota Gov. Tim Walz visited a St. Paul community center on Tuesday morning to urge families to claim the child tax credit.

The child tax credit provides big benefits for families with children, but you may have to wait a bit longer for your tax refund.

The Child Tax Credit (CTC) has been a staple in American families, helping them finance the expenses of having a child. But what happens when your child finally reaches the doors of adulthood? As your child grows older,

The IRS has announced a one-time financial support of $1,700 for eligible families through the Child Tax Credit (CTC). This initiative aims to ease the tax burden for 2024 while promoting child development and family stability.