Tax Breaks
Latest
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Federal Electric Bike Tax Credit Would Offer up to $1,500
Lawmakers have proposed a bigger version of an e-bike bill that would provide a tax credit of up to $1,500 on some new electric bikes.
By Kelley R. Taylor Published
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Biden Wants a Higher Child Tax Credit and So Do Some Republicans
President Biden wants to revive the higher child tax credit and monthly advance payments, while some Republican senators have their own ideas for the popular tax break.
By Joy Taylor Published
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Will You Pay Taxes on Your State Stimulus Check?
Millions of people who received state "stimulus" payments in 2022, have wondered whether the money will be taxed.
By Kelley R. Taylor Last updated
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Massachusetts 62F Tax Refunds: What You Need to Know
Tax Refunds Massachusetts has distributed millions of tax refunds to eligible taxpayers due to a massive revenue surplus.
By Kelley R. Taylor Last updated
Tax Refunds -
IRS: Some Virginia 2022 Tax Rebates Aren't Taxable
Virginia 2022 tax “stimulus” rebates — many eligible Virginians have received a rebate of up to $500 for 2022. Are those payments taxable?
By Kelley R. Taylor Last updated
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Is Your Favorite SUV EV Eligible for a Tax Credit?
The SUV that you thought wasn't eligible for the electric vehicle tax credit before, might now qualify.
By Kelley R. Taylor Published
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Does the IRS Audit Some Taxpayers More Than Others?
A study of IRS audits, from Stanford University researchers and the U.S. Treasury Department, looked at whether some taxpayers are audited more than others.
By Kelley R. Taylor Published
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Most California Stimulus Check Payments Have Been Sent
California has sent the majority of stimulus payments for its Middle Class Tax Refund program.
By Rocky Mengle Last updated
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The IRS Issued 12 Million Tax Refunds for 2020: Here's Why
An unemployment tax break caused the IRS to issue $14.8 billion in tax refunds.
By Kelley R. Taylor Published