Tax credits

The GOP unveiled their long-awaited legislation to repeal and replace the Affordable Care Act.

As the Trump administration and the Republican dominated Congress prepare to repeal and replace the Affordable Care Act, a new government report may give them further ammunition.

During his first major address to Congress Tuesday, President Donald Trump backed a proposal that has split the Republican Party: giving Americans tax credits to buy coverage.

The Internal Revenue Service is seeing a sharp decline in returns so far this season.

Three members of the tax-writing House Ways and Means Committee have introduced bills to enhance the Earned Income Tax Credit, the American Opportunity Tax Credit and the Child Tax Credit.

The American Institute of CPAs is asking the Internal Revenue Service and the Treasury Department to issue regulations on the expansion of the R&D credit for startups.

It’s a major boon for states, according to Bennett Thrasher’s Peter Stathopoulos.

Eligibility expands for claiming the refundable tax credit, though taxpayers who claim it will face some delays before receiving their refunds.

Changing national demographics may be producing a new kind of dependent: parents and adult children of middle-aged taxpayers, according to the National Association of Enrolled Agents.

Even though their income level may not require them to file, taxpayers with disabilities may still qualify for the credit, the tax service says.