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Making Work Pay Credit
Top Takeaways 1: Making Work Pay Credit is Available for Tax Years 2009 and 2010 This popular credit, designed to offset the Social Security taxes paid by low and middle income workers, provided a
Read More »Child Care Expense Credit
Top Takeaways 1: Child and Dependent Care Credit is Available to Taxpayers who Work To claim the child and dependent care expenses credit, you must have paid for the care of a qualifying individual, so
Read More »Federal Judge Blocks New Arizona Abortion Tax Law
A new Arizona tax law, originally scheduled to go into effect on Jan. 1, has been blocked by a federal judge. The law, which began as House Bill 2384, specifically addresses organizations that “provide,
Read More »Veterans Tax Credit
Top Takeaways 1: Work Opportunity Credit Extended for Veterans The legislation expanded the Work Opportunity Tax Credit for businesses that hire unemployed veterans through the end of 2012. 2: Work Opportunity Credit amount depends
Read More »Undocumented Workers Received $4.2 Billion in Refundable Tax Credits
Undocumented workers received $4.2 billion in refundable tax credits from the U.S. government, reported the U.S. Treasury Inspector General for Tax Administration (TIGTA). The report issued yesterday by TIGTA found that individuals not authorized
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