Credit for Caring Act 2024 in any tax legislation both Houses advance. This legislation would create a new, non-refundable federal tax credit of up to $5,000 for eligible working family caregivers to ...

lowering the amount of tax owed; non-refundable tax credits reduce tax liability only to the extent of taxes owed, and; refundable tax credits reduce tax liability and allow taxpayers to receive ...

an increased child tax credit and expanded eligibility for other tax breaks helped boost the average refund to $3,039 in 2022, a 7.5% increase from the year before. Now, many pandemic-related ...