Federal Taxes

Earned income tax credit otherwise known as EITC tax credit, is a refundable tax credit that helps low-income workers offset the burden of U.S federal taxes. If you qualify for the 2009 tax year,...

Adopting a child is often an expensive and lengthy process. The cost alone can make it prohibitive for some families to attempt. Before deciding that you can't afford to adopt you should know...

If you are able to claim one or more children on your tax return it will make a big difference in how much income tax you owe. Besides providing an additional exemption for each child, dependent...

On May 26, 2001 Congress passed the Economic Growth and Tax Relief Reconciliation Act of 2001. This bill dropped the highest individual income tax rate down to 35 percent, the same top rate that...

In general, the Internal Revenue Service requires that most United States citizens file a federal income tax return. However, there are certain situations where an exemption from filing is...

You may be eligible to recoup some of the money that you paid in childcare expenses via the Child and Dependent Care Tax Credit. The amount you can claim depends on whether or not your employer...

The Earned Income Tax Credit (EITC) is a refundable tax credit that is available for low- to moderate-income families and individuals. The credit is refundable, which means that if you qualify,...

If your family is considered to have a low to moderate income, you may be eligible for the Earned Income Credit (EIC), particularly if you have kids. The federal tax credit is refundable, which...

As taxes rise along with the cost of living, raising a family in the new millennium is almost impossible. Many people were putting off having families, and others were stopping at one. The...

The earned income credit is a federal tax credit that is one of the largest anti-poverty tools in the US. It is provided to low income taxpayers who also meet other certain requirements in order...

The Earned Income Tax Credit (EITC) is a refundable tax credit for low to moderate income workers. Since the credit is refundable, if you qualify you will receive it in full, even if your tax...

The child care tax credit is a federal tax credit for up to $6,000 applied to those who pay child care and/or adult day care expenses. Those who pay day care expenses for a child or a disabled...

As with many major life events, adoption can also have tax consequences. The IRS offers an adoption tax credit for people who have adopted or are in the process of adopting a child. Because tax...