Tax Credits for Your 2022 Tax Return (The One You File in 2023)

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The mistake many taxpayers make when considering tax credits is they don’t think about tax credits from the previous year until they are filing their taxes. Start planning early. Whether they are credits new for the tax year 2022, or old ones that have changed, you need to know what is available to you so you can take advantage of all of the tax credits you deserve. So, let’s look at a list of some of the key tax credits. It is your job to act accordingly in order to take advantage. Child Tax Credit The Child Tax Credit, initiated as part of the federal government’s pandemic recovery effort, will be reduced for 2022 tax returns to $2,000 for each dependent child, no matter the child’s age. ...

Source: https://www.theepochtimes.com/tax-credi ... 96796.html