How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...

The federal government already offers parents a child tax credit of up to $2,000 per child when they file federal tax returns ...

In a recent survey released by Groundwork Ohio, half of Ohio parents said they've had to cut back on work hours to help ...

Congressional Republicans may soon release a budget resolution that will set the terms of the tax debate, and which is ...

The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...

Many people don't know they may qualify for the earned income tax credit and get up to $7,830 for some families. Here's how ...

Child tax credit helps Ohio families ... have been stripped of critical funds that go toward basic needs like keeping food on ...

Here’s what you need to know about tax credit qualifications and how to properly claim them. The Child Tax Credit gives a tax break to families with qualifying children. This credit might be ...

Under the 2017 Tax Cuts and Jobs Act, the child tax credit has been capped at $2,000 per eligible child, double that of the 2016 tax year. During the pandemic, that figure was up to $3,600.

Thanks to the 2017 Tax Cuts and Jobs Act, the child tax credit is capped at $2,000 per eligible child – down from a maximum of $3,600 per child during the pandemic, but double that of tax year 2016.