Tax Credits
10 articles tagged “Tax Credits”.
Foreign Tax Credit for US Freelancers With International Clients or Income
As more freelancers take on international clients, work remotely from abroad, or get paid through platforms based in other countries, a growing number are running into foreign tax withholding they didn't expect.
Premium Tax Credit for Self-Employed Marketplace Health Insurance: How It Works
Freelancers who buy their own health coverage through the ACA Marketplace have two separate tax benefits to coordinate: the Premium Tax Credit that can lower monthly premiums, and the self-employed health insurance deduction that reduces taxable income.
Adoption Tax Credit: Eligibility, Amount, and How to Claim It
Adopting a child often comes with significant legal, agency, and travel costs — the federal Adoption Tax Credit exists specifically to offset a meaningful share of those expenses for families who qualify.
Credit for Other Dependents: The $500 Credit When a Dependent Doesn't Qualify for the Child Tax Credit
Not every dependent fits the Child Tax Credit's narrow rules — a 17-year-old, an elderly parent you support, or an adult child still living at home won't qualify for that credit at all.
Child Tax Credit Rises to $2,200 in 2026: What Changed and Who Qualifies
The Child Tax Credit was set to shrink back to its pre-2018 level after 2025 — instead, the One Big Beautiful Bill Act increased it further, to $2,200 per qualifying child for 2026, and made the higher credit permanent going forward.
Child and Dependent Care Credit vs. Dependent Care FSA: Which Saves More
Self-employed parents paying for childcare so they can work have two very different tax tools available, and picking the wrong one — or not realizing you have to choose — can cost hundreds of dollars a year.
Saver's Credit Explained: A Bonus for Freelancers Who Save for Retirement
The Retirement Savings Contributions Credit — better known as the Saver's Credit — is one of the least-claimed tax breaks available to modest-income freelancers, largely because most people assume credits like this are only for W-2 employees with a workplace plan.
Lifetime Learning Credit vs. American Opportunity Credit: Which Education Credit Fits You
Two education tax credits, two very different rulebooks. Here's how freelancers investing in new skills should choose.
Child Tax Credit: Eligibility and How Much You Can Claim
A dollar-for-dollar reduction in your tax bill for every qualifying child — here's exactly how the qualification rules work.
Earned Income Tax Credit (EITC): Do You Qualify?
One of the most valuable — and most overlooked — credits for working individuals and families with modest income.