Small businesses under current guidance had until April 15, 2024, to file a claim for the 2020 tax year and through April 15, 2025, for the 2021 tax year.

Teslas, including the popular Model 3 and Y, was ineligible for a credit under the past structure since Jan. 2020, when the company reached the previous 200,000-vehicle limit per automaker.

More than 3.4 million U.S. households claimed at least one of two tax breaks — the residential clean energy credit and the energy efficient home improvement credit — on their 2023 tax returns ...

The state's child tax credit is worth up to $100 per eligible child or 33% of the federal CTC (currently up to $2,000 per child) and the federal additional CTC claimed, whichever is greater.

With tax season approaching, millions of Illinoisans won’t be seeing a bump up in a widely used state tax credit known as the standard exemption after lawmakers throttled a planned increase in ...