Tax credits for individuals

A tax credit reduces the amount a person owes in income taxes dollar-for-dollar. Some tax credits are even refundable, meaning if a person’s tax bill is less than the amount of a refundable credit, they can get the difference back in their refund. The One, Big, Beautiful Bill has brought enhancements to some of these credits.

Read the full article here:

https://www.irs.gov/newsroom/tax-credits-for-individuals

Contact us for your tax and accounting needs:

https://wpvcpa.com

(561) 686-8666

info@wpvcpa.com

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