Blog Posts
Gift Tax (Form 709)
Concise Takeaway The federal gift tax applies to lifetime transfers of property for less than full value. Most gifts are not taxable because of the annual exclusion, unlimited exemptions, and the lifetime applicable exclusion. Form 709 is required for reportable...
Retirement Savings Contributions Credit (Saver’s Credit)
Concise Takeaway The Saver’s Credit is a nonrefundable credit for eligible taxpayers who make...
Adoption Credit
Concise Takeaway The adoption credit is partially refundable and helps taxpayers offset the cost...
Education Credits
Concise Takeaway Two higher‑education credits are available: the American Opportunity Credit (AOC)...
Child and Dependent Care Credit
Concise Takeaway The Child and Dependent Care Credit is a nonrefundable credit for work‑related...
Earned Income Credit (EIC)
Concise Takeaway The Earned Income Credit is a refundable credit for workers with low to moderate...
Child Tax Credit & Credit for Other Dependents
Concise Takeaway The Child Tax Credit (CTC) is $2,200 per qualifying child in 2025, with up to...
Get in touch
