For the 2025 tax year, the CTC is seeing changes as part of President Trump’s tax and spending bill, often referred to as the “ big beautiful bill.” The legislation, enacted on July 4, 2025, increases the maximum credit from $2,000 to $2,200 per child and indexes the amount to inflation.

The new year has just begun and income tax deadlines are months away, but there's one thing to start considering now. Many new and existing federal tax credits and deductions have income limits, and people who find themselves over those limits could still reduce their 2025 income in order to qualify.

Holiday spending may qualify you for tax credits on energy upgrades, EVs, education, childcare, adoption, and more. Here's what to review before filing.

The expiration of the 30% federal tax credit for solar and battery installations at the end of 2025 doesn’t necessarily make the equipment more costly to buy but for homeowners with a tax liability, it does end the ability to reduce or erase their tax bill. A typical solar and battery system generated tax credits worth about $10,000.

If you were unhappy with last year's income tax bill, there are several ways to reduce your overall 2022 tax burden before the April 18, 2023, filing deadline arrives. You can try to qualify for as many tax deductions and

The research and development tax credit will remain a target of the IRS in 2026, even with staff reductions because of the potential for substantial adjustments and revenue recovery is high.