Tax credits

Vice President Kamala Harris said she would unveil a proposal to provide a tax credit for new small businesses next week, as she visited a local gift and kitchen supply store in Georgia.

As the November election draws nearer, accounting and tax pros are looking at the candidates' past records to understand what changes each administration could enact.

For a limited time, businesses can fix incorrect Employee Retention Credit claims without penalties or interest.

Two years after a landmark climate law promised to kick-start green hydrogen production with tax credits, companies still don't know who will qualify. 

From not taxing tips to more than doubling the Child Tax Credit, the two candidates are borrowing from each other's tax playbooks.

Republican vice presidential candidate JD Vance floated more than doubling the Child Tax Credit, seeking to reframe a "pro-family" stance that has come under attack.

The Internal Revenue Service is paying out more claims for the Employee Retention Credit program even as it gives them greater scrutiny.

Claims for the Residential Clean Energy Credit averaged $5,084 per tax return.

A letter from 18 Republican representatives told Speaker Mike Johnson not to repeal the

The IRS started processing claims received prior Sept. 14, 2023, and has an inventory of 1.4 million ERC claims totaling more than $86 billion.