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tax credit

    Scott Wilk: Don’t Close The Curtain On Film Tax Credit

    Scott Wilk | SCV News

    This past Sunday, more than 1 billion people around the world tuned in to see A-list actors, directors and producers as they walked down the red carpet on their way into Hollywood’s Dolby Theatre for the 85th Academy Awards. The Academy Awards celebrate the best the film industry has to offer.

    Michael Green Tax & Financial: Save Money With The Child Tax Credit

    BY: MICHAEL GREEN

    Raising children can be expensive. However, when Congress passed the Fiscal Cliff Agreement in January 2013, the Child Tax Credit was put in place for five years, locking it in from 2012 to 2016. As you file your tax return, it’s worth learning more about the Child Tax Credit, which has the potential of lowering what you owe the IRS.       

    The Child Tax Credit may be worth as much as $1,000 per qualifying child depending upon your income. There are seven tests that must be met to claim this tax credit. According to the IRS, here’s what you need to know about this tax credit.