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  2. 7 Biden-Backed Tax Incentives To See if You Qualify For ... - AOL

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    If you make under $150,000 or have a combined family income under $300,000, you can get a $7,500 tax credit for qualifying new electric vehicles. For used electric cars, a $4,000 credit is ...

  3. New Law Gives You $8,000 for Free To Make These 5 Home ... - AOL

    www.aol.com/finance/law-gives-8-000-free...

    The “nonbusiness energy property credit” gives homeowners a 30% tax credit, worth up to $1,200 per year, for the installation of upgrades like energy-efficient skylights, insulation and ...

  4. 8 Ways to Get Free Money from the Government Before the ... - AOL

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    Families who pay for daycare so they can work or look for work can get a tax credit worth up to $4,000 for one qualifying person and $8,000 for two or more qualifying people. This also requires ...

  5. Earned income tax credit - Wikipedia

    en.wikipedia.org/wiki/Earned_income_tax_credit

    The United States federal earned income tax credit or earned income credit ( EITC or EIC) is a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children. The amount of EITC benefit depends on a recipient's income and number of children. Low-income adults with no children are eligible. [1]

  6. Child tax credit (United States) - Wikipedia

    en.wikipedia.org/wiki/Child_tax_credit_(United...

    t. e. The United States federal child tax credit (CTC) is a partially-refundable [a] tax credit for parents with dependent children. It provides $2,000 in tax relief per qualifying child, with up to $1,400 of that refundable (subject to a refundability threshold, phase-in and phase-out [b] ). In 2021, following the passage of the American ...

  7. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    Politics portal. v. t. e. The United States has separate federal, state, and local governments with taxes imposed at each of these levels. Taxes are levied on income, payroll, property, sales, capital gains, dividends, imports, estates and gifts, as well as various fees. In 2020, taxes collected by federal, state, and local governments amounted ...

  8. What is the first-time homebuyer tax credit? - AOL

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    The U.S. federal government offered a tax credit program to first-time homebuyers (including those who hadn't owned a home in three years) from 2008-2010. ... (later increased to $8,000), which ...

  9. United States fiscal cliff - Wikipedia

    en.wikipedia.org/wiki/United_States_fiscal_cliff

    The United States fiscal cliff refers to the combined effect of several previously-enacted laws that came into effect simultaneously in January 2013, increasing taxes and decreasing spending. The Bush tax cuts of 2001 and 2003, which had been extended for two years by the 2010 Tax Relief Act, were scheduled to expire on December 31, 2012.

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