Although the ACA penalty is $0 federally after 2018, MEC reporting continues. Forms 1095-A (due Feb 1), 1095-B and 1095-C…
The FTC lets U.S. taxpayers offset U.S. tax by foreign income taxes paid on income included on their U.S. return.…
The premium tax credit is extended through 2025, letting some households above 400% of poverty qualify. Advance payments reduce monthly…
For 2024 the adoption credit is nonrefundable and maxes at $16,810 per eligible child; special-needs U.S. children qualify even without…
For 2024, the nonrefundable Saver’s credit gives 50%, 20%, or 10% of qualifying retirement contributions (up to $2,000 per person),…
Choose AOC for undergraduates (up to $2,500, partially refundable, half-time required) and LLC for flexible or job-skill courses (up to…
Taxpayers who paid work-related care for qualifying persons may claim a nonrefundable credit by filing Form 2441. Limits: $3,000 (one)…
For 2025, the IRS sets EITC maximums from $649 (no children) to $8,046 (three+ children). Eligibility requires valid SSNs, AGI…
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