Tax credits

The IRS has received over 800 project proposals seeking over $40 billion in credits.

As the presidential campaign heats up, a tax expert is weighing in with his thoughts about the child tax credit and other proposals.

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.

Republicans in the Senate stopped a $78 billion package of tax cuts benefiting businesses and low-income families, two constituencies the party needs to win big in November.

Senate Majority Leader Chuck Schumer, D-New York, announced plans to bring up a vote on the Tax Relief for American Families and Workers Act later this week.

Double-dipping on wage claims and saying masks disrupted operations are just two new hallmarks of bad Employee Retention Credit claims.

The Internal Revenue Service issued a notice with initial guidance on claiming a tax credit involving carbon sequestration.

Accounting firms are helping clients navigate the tax incentives available under the Inflation Reduction Act.

The IRS warned about bad advice that's being peddled on social media promoting a bogus "Self Employment Tax Credit" and prompting unsuspecting taxpayers to file false claims for the credit.

Notice 2024-49 and a new set of frequently asked questions from the Internal Revenue Service offer more clarity around the credit.

The Internal Revenue Service has stepped up efforts to combat dubious tax advice promoting schemes involving the Fuel Tax Credit, the Sick and Family Leave Credit, and household employment taxes.