Category: Articles

The Child Tax Credit helps families with qualifying children get a tax break. You may be able to claim the credit even if you don’t normally file a tax return. Who qualifies You can claim the Child Tax Credit for each qualifying child who has a Social Security number that is valid for employment in the United States. To be a qualifying child for the 2024 tax year, your dependent generally must: Be under 17 at the end of the … Continue reading “Child Tax Credit 2025”

To claim the Earned Income Tax Credit (EITC), you must have what qualifies as earned income and meet certain adjusted gross income (AGI) and credit limits for the current, previous and upcoming tax years. Use the EITC tables to look up maximum credit amounts by tax year. If you are unsure if you can claim the EITC, use the EITC Qualification Assistant. Earned income Earned income includes all the taxable income and wages you get from working for someone else, yourself or from … Continue reading “Earned income and Earned Income Tax Credit (EITC) tables 2025”

Clean Vehicle Credit Maximum credit amount is up to $7,500 Inflation Reduction Act of 2022 expands the credits available to incentivize the purchase of clean vehicles placed in service after Dec 31, 2022 through Dec 31, 2032. Pre-Owned Clean vehicles Credit Inflation Reduction Act of 2022 also allows a credit for pre-owned clean vehicles purchased in 2023 through 2032. The following requirements must be met to qualify. – Vehicle must be purchased for use (not for resale). – Vehicle must … Continue reading “Credits for 2023 Taxes”

A New Year, a New Chapter: Dante Tax Service Rings in 2024 with You! As the champagne pops and fireworks paint the sky, we at Dante Tax Service raise a toast to you, our valued clients. As we turn the page on another year, we’re filled with gratitude for your continued trust and partnership. You’ve made 2023 a remarkable journey, and we wouldn’t be here without you. The new year stretches before us like an untrodden path, full of potential … Continue reading “Happy New Years 2024, from Dante Tax Services”

What do you need to prove to California that you have had Health Insurance coverage in 2023? If you and your family have health insurance through Covered California: Please bring Form 1095-A (from IRS). If you and your family have had health insurance through your Employer you should receive form 1095-B and/or 1095-C. If you and your family have had health insurance cover through Medi-Cal. Please bring form 1095-B. Do I qualify for Earned Income Tax Credit (EITC)? Learn about … Continue reading “Forms needed to complete your 2023 taxes”

The Earned Income Tax Credit (EITC) helps low – to moderate-income workers and families get a tax break. If you qualify, you can use the credit to reduce the taxes you owe – and maybe increase your refund.