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REFUNDABLE ADOPTION CREDIT
IRS Adoption Credit 2026: Can eligible families claim up to $17,670 per child with Form 8839 and $5,120 refundable?The IRS Adoption Credit 2026 can provide up to $17,670 per eligible child for qualifying adoption expenses. The IRS raised the maximum from...
PM Modi says ‘production-linked punishment’ era once held back Indian industry; pegs India as world’s fastest-growing economyPrime Minister Narendra Modi on Friday said India had moved from the Licence Raj-era “Production Linked Punishment” model to incentivising ...
US proposes new tax credit rules restricting refunds for some non-citizensThe US Treasury and IRS have proposed new rules restricting the refundable portion of four federal tax credits to US citizens, nationals an...
How India's digital infrastructure opened global markets to Indian investorsIndian residents' outward remittances have significantly increased, reaching a record USD 31.73 billion by FY2023-24. Digital reforms and i...
US Congress advances penny phaseout bill: What it means for you, the rounding rules, and how cash transactions could changeCongress is moving to end the production of one-cent coins for general circulation. The proposed Common Cents Act allows retailers to round...
What is Child Tax Credit? IRS confirms up to $1,700 in ACTC refunds - Check age, residency and income eligibilityThe Child Tax Credit provides families with a benefit of up to $2,200 for each child. Part of this credit might be refundable via the Addit...
AI in banking must move beyond retail to farms, MSMEs: SBI Chairman SettyIn a recent statement, CS Setty, Chairman of the State Bank of India, underscored AI's transformative potential for the Indian banking sect...
IRS tax credit could mean up to $8,231 for eligible workers: Who qualifies for the Earned Income Tax Credit, how much you could receive and what you should check before filingThe IRS Earned Income Tax Credit (EITC) can provide significant tax relief to eligible low- and moderate-income workers. For tax year 2025,...
Nagpur woman loses Rs 6.93 lakh in online scam, files complaint against bank, wins back money with 9% interest and additional Rs 35000A Nagpur woman who lost Rs 6.93 lakh in a FedEx parcel scam won a consumer court case against ICICI Bank. The commission ordered the bank t...
Reporting perquisite as capital gain in ITR by mistake resulted in Rs 6.63 crore penalty for a salaried employee; ITAT Mumbai granted him relief for this reasonRs 6.63 crore penalty imposed on salaried employee for reporting perquisite as capital gains in ITR; ITAT Mumbai grants relief, says salari...
Don't put a toll on UPI: Why merchant discount rate isn't the answerA proposal to introduce a merchant discount rate (MDR) on UPI transactions above ₹2,000 for businesses with annual turnover of ₹1-1.5 crore...
ETMarkets Smart Talk | Equity, mutual funds, bonds or property: Tax rules every NRI should know: Ritu ShaktawatNRIs investing in India must understand tax rules and residential status. Double Taxation Avoidance Agreements offer beneficial tax treatme...
Biz positive on GST after 9 years; simpler compliance, lesser disputes key focus areas ahead: SurveyThe KPMG in India-FICCI GST Survey said GST has matured considerably through greater digitisation and transparency, creating a more unified...
Operationalising GST refunds for foreign tourists to promote retail exports: FIEOExporters' body FIEO has urged the government to implement GST refunds for foreign tourists to boost tourism and retail exports. They also ...
Trade disruptions, API dependence, compliance costs: Pharma MSMEs spell out policy priorities on World MSME DayIndian pharmaceutical MSMEs are facing immense pressure from rising costs, supply chain woes, and stringent regulations. Industry represent...
MSMEs and GST@9: Journey so far and next phase of reformsFor India Inc., including MSMEs, the focus appears to have shifted from stabilisation to optimisation, as confidence grows on account of di...
$6,700 refund checks coming: Thousands of Americans could qualify — are you eligible?IRS tax refunds parents guide: Families can anticipate the largest tax refund season ever. New tax credits and deductions from the One Big ...
$2,500 checks for 4 years? Americans eye massive $10,000 windfall under new planSome Americans may get up to $2,500 each year through a college tax credit. The benefit can last four years and help with education costs. ...
Thousands could receive refunds of up to $5,000, but there’s a caveat, says IRS - Check eligibility and other detailsMany families can qualify for up to $5,000 per child through the Adoption Tax Credit, designed to offset adoption expenses like legal fees ...
How tax credits work, and why they’re one of the best ways to lower your tax billTax credits help people lower their tax bills in a simple way. They reduce tax directly and some give refunds. Different tax credits suppor...