This article was published by the IRS. The adoption process can be expensive. Fortunately, the adoption tax credit can help offset some of those expenses. Taxpayers who adopted or started the adoption process last year should review the rules for this credit. Here are some facts to help people understand the credit and if they can [...]
This article was published by the IRS. The IRS has a variety of resources to help members of the military, veterans, and their families navigate the unique and sometimes complex circumstances that come with filing taxes while in the military. Here's a list of some of the resources these taxpayers may find helpful: Tax Information for [...]
Did you know that there's a helpful tax relief program for low and moderate income working families? It's called the earned income tax credit (EITC) and it can help put some extra money in your family's pocket. Depending on your family's income, you could be eligible for a refund even if you don't currently owe income [...]
This article was published by the IRS. The Internal Revenue Service is encouraging taxpayers to take important actions this month to help them file their 2022 federal tax returns. This is the second in a series of reminders to help taxpayers get ready for the upcoming tax filing season. A "Get Ready" page outlines steps taxpayers [...]
You may be able to claim a refundable credit on your MA personal income tax return. The circuit breaker tax credit is based on the actual real estate taxes or rent paid on the Massachusetts residential property you own or rent and occupy as your principal residence. The maximum credit amount is determined each year. If [...]
