Residential Clean Energy Credit Ends 2025: What Qualifies
The 30% Residential Clean Energy Credit now ends for homes on December 31, 2025. Installations must be placed…
Articles by & updated by Sai Sankar
ACA: $0 Penalty for Not Having MEC and Reporting Essentials
Although the ACA penalty is $0 federally after 2018, MEC reporting continues. Forms 1095-A (due Feb 1), 1095-B…
Understanding the Foreign Tax Credit: Form 1116 Rules and FEIE Limits
The FTC lets U.S. taxpayers offset U.S. tax by foreign income taxes paid on income included on their…
Expanded Premium Tax Credit Through 2025: Who Qualifies
The premium tax credit is extended through 2025, letting some households above 400% of poverty qualify. Advance payments…
Understanding the Nonrefundable Adoption Credit: Eligibility and Special Needs
For 2024 the adoption credit is nonrefundable and maxes at $16,810 per eligible child; special-needs U.S. children qualify…
2024 Saver’s Credit (Nonrefundable): Eligibility, Rates, and Limits
For 2024, the nonrefundable Saver’s credit gives 50%, 20%, or 10% of qualifying retirement contributions (up to $2,000…
American Opportunity and Lifetime Learning Credits: Eligibility
Choose AOC for undergraduates (up to $2,500, partially refundable, half-time required) and LLC for flexible or job-skill courses…
Nonrefundable Child and Dependent Care Credit: Eligibility and Limits
Taxpayers who paid work-related care for qualifying persons may claim a nonrefundable credit by filing Form 2441. Limits:…
EITC Rules for Qualifying Children: Age, Residency, Joint Return
For 2025, the IRS sets EITC maximums from $649 (no children) to $8,046 (three+ children). Eligibility requires valid…