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Tax Credits

Let's Be Honest: This Is the REAL Benefit of Having Kids

Carlotta Eike Stankiewicz | Posted 04.15.2015 | Parents
Carlotta Eike Stankiewicz

My girls are the light of my life and so very, very worth everything I do for them. But on Tax Day, I get a bit more appreciative of how much they mean to me.

Why We Should Care About Tax Policy

Dedrick Muhammad | Posted 04.16.2015 | Black Voices
Dedrick Muhammad

President Obama's announcement of new tax benefits for middle class and working families, highlighted in the State of the Union and detailed in his FY 2016 budget, shines a light on the tax code in a way that demands our attention and engagement.

Hunter Killer Pulls Out of Alaska as Senate Votes to Kill Film Subsidy

Alaska Dispatch News | Posted 04.14.2015 | Politics
Alaska Dispatch News

Legislators looking to kill Alaska's film subsidy program have driven away the big-budget Hollywood movie Hunter Killer and may have brought a halt to a burgeoning state industry, critics said.

How Small Businesses Can Reinvest Their Tax Refunds to Drive Results

Andre Bourque | Posted 04.18.2015 | Small Business
Andre Bourque

For some that are struggling just to get by, it can be the only way the business manages to pay employees and keep the lights on. For others with a little more of a safety net, a big tax refund is a major opportunity.

First Time Tax Filers: 8 Quick & Easy Tips You Should Know

Lisa Greene-Lewis, CPA | Posted 03.27.2015 | Money
Lisa Greene-Lewis, CPA

Filing your taxes for the first time may seem like it's daunting at first. But like most things, the anticipation is worse than reality.

Cutting Vital Tax Credits for Working Families Will Put Our Nation's Children at Risk

Janet Murguía | Posted 03.26.2015 | Latino Voices
Janet Murguía

The Latino community will remember that the interests of more than 4 million of its children were sacrificed so a few politicians could pander to extremists. We hope candidates remember this episode in 2016, when they experience a record turnout of Hispanic voters.

The 10 Most Overlooked Tax Deductions and Credits

Betterment.com | Posted 03.19.2015 | Money
Betterment.com

Most taxpayers can use a standard deduction when filing their taxes, but you can possibly save more money if you're eligible for a variety of itemized deductions or credits.

Six Tips On Preparing For Tax Day

Carrie Schwab-Pomerantz, CFP | Posted 03.18.2015 | Money
Carrie Schwab-Pomerantz, CFP

But whether you prepare your own return or work with a tax professional, there are ways to make the process less burdensome. It all hinges on a bit of upfront organization, and having a basic understanding of how your tax bill is calculated.

At Long Last, Latino Employment Bounces Back

Janet Murguía | Posted 03.10.2015 | Latino Voices
Janet Murguía

Latinos and other communities are finally benefitting from the protracted economic recovery. We need to secure this still-fragile recovery among communities of color by maximizing what they can earn, create, and contribute to further benefit our economy and the well-being of all Americans.

Jonathan Cohn

How 'The Joy Of Cooking' Explains The Absurdity Of The Obamacare Lawsuit

HuffingtonPost.com | Jonathan Cohn | Posted 03.03.2015 | Politics

On Wednesday, the Supreme Court will consider a lawsuit that, if successful, would cause millions of people to lose health insurance -- and millions m...

Alaska's Film Industry Is Growing, but Budget Crunch Puts Tax Credits in Limbo

Alaska Dispatch News | Posted 02.20.2015 | Entertainment
Alaska Dispatch News

Tax credits documented in a new state report show that Alaska's film industry has continued to grow even as state lawmakers prepare to gut the film incentive program.

Should I Use Tax Credits or Deductions to Save on My Student Loans?

CommonBond | Posted 04.20.2015 | Money
CommonBond

It's understandable if your eyes are glazing over with tax talk, but it's time to wake up: you could save thousands of dollars each year by filing for the right tax benefits.

The 529 Microcosm: A Revealing Political Train Wreck with Regard to an Inefficient Tax Break

Jared Bernstein | Posted 03.30.2015 | Politics
Jared Bernstein

This little train wreck over the White House's proposal and then retraction of a plan to cut back on a wasteful yet beloved tax benefit is highly instructive. It's a clear example of how much hot air there is in these fiscal debates.

How to Claim the Retirement Saver's Tax Credit

Jim T. Miller | Posted 03.09.2015 | Fifty
Jim T. Miller

It's called the "retirement saver's tax credit," and it's a frequently overlooked credit that's available to low and moderate-income individuals and families who make saving for retirement a priority. Here's how it works.

Planning a Home Remodel That Actually Pays Off

Jason Alderman | Posted 03.07.2015 | Money
Jason Alderman

Winter is a good time for considering home repairs and improvements so you and your checkbook will be ready for the spring thaw. It's also a good time for prospective home buyers to prioritize what features are must-haves when purchasing, and which can wait for potential remodel down the road.

SHOP Includes Some New Small-Business Friendly Features for Entrepreneurs Looking for Health Coverage

John Arensmeyer | Posted 03.01.2015 | Small Business
John Arensmeyer

As small business owners consider renewing their health care coverage, it's important for them to know there are some small business-friendly features of the new health care law coming their way.

Subsidized Success: Corn, Cabernet and Caterpillar

Hilary Gowins | Posted 02.28.2015 | Chicago
Hilary Gowins

When the government commits to big tax breaks for select companies, politicians almost always fail to cut spending to make up for it. The extra burden just falls to smaller businesses with less income to spare.

In Clean Energy, Macro Trends Trump Midterm Political Winds

Clint Wilder | Posted 02.06.2015 | Green
Clint Wilder

Without a doubt, the midterms were not good news for U.S. clean energy and climate action.

Letting Tax-Credit Provisions Expire Would Push Millions Into Poverty

Chuck Marr | Posted 01.12.2015 | Politics
Chuck Marr

As Republicans and Democrats look for areas where they can work together, they should be able to agree to make permanent three key provisions of two pro-work tax credits: the Child Tax Credit (CTC) and Earned Income Tax Credit (EITC).

What You Need to Know About the Tax Extenders Up for a Vote

Lisa Greene-Lewis, CPA | Posted 12.15.2014 | Money
Lisa Greene-Lewis, CPA

Now that summer is officially over and the fall season has arrived, most of us are looking ahead to cooler weather, the holiday season and spending time with family. But there's one thing many of us may not be thinking about but should be: taxes.

Spending Lots on Back to School & College Now? Edumacate Yourself for Tax Savings Later

Mark Steber | Posted 10.20.2014 | Business
Mark Steber

For most of the US, August marks back-to-school and what has come to be a shopping trend much like Black Friday. This year, combined spending on back-...

Michael McAuliff

House Votes To Boost Well-Off Kids, Cut Out Poor Kids

HuffingtonPost.com | Michael McAuliff | Posted 07.25.2014 | Politics

WASHINGTON -- The House of Representatives voted Friday to change a tax credit in a way that would add $115 billion to the deficit and hurt poorer par...

House Should Reject Backwards Child Tax Credit Bill

Chuck Marr | Posted 09.17.2014 | Politics
Chuck Marr

The full House next week will consider the Ways and Means Committee's recently passed Child Tax Credit bill. A recent Tax Policy Center analysis confirms our previous critical assessments of the proposal, finding that it would make many relatively affluent people better off while making low-income working families poorer.

Making the Most Out of Ch-ch-changes

Mark Steber | Posted 09.15.2014 | Money
Mark Steber

From getting married to having a baby or even getting divorced, use our tips to help keep more of your money in your pocket.

Finally! Someone Explains What All Those Obamacare Numbers Mean!

Anthony W. Orlando | Posted 09.10.2014 | Politics
Anthony W. Orlando

You're going to hear a lot about Obamacare this fall, especially from Republicans. They'll try to convince you that it was a bad deal. They'll throw numbers at you to make you think that the cost of health insurance is spiraling out of control. In all likelihood those numbers will be incorrect, but how will you know?