Your State May Pay You for Your Kids Too: State Child Tax Credits in 2026
Federal child credit is $2,200 per kid in 2026, and 17 states plus D.C. stack their own on top — up to $3,200 in Colorado, $1,750 per child in Minnesota.
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Tax Credits
Federal and state tax credits to reduce your tax bill dollar for dollar
Paying the Babysitter: When Date Nights Turn You Into a Household Employer
Pay one sitter $3,000+ in 2026 and IRS rules make you a household employer owing FICA plus a Schedule H filing unless the under-18 student exemption applies.
Pay Their Tuition or Medical Bills Directly and Owe Zero Gift Tax: How the Section 2503(e) Exclusion Works
IRS Section 2503(e) excludes direct tuition and medical payments from gift tax entirely — no cap, no Form 709, and room and board don't qualify.
Supporting Your Aging Parents? The Tax Breaks That Offset the Cost of Care
Supporting a parent can unlock a $500 IRS dependent credit, head-of-household status, plus medical and care deductions.
Got a 1099-Q for a 529 Withdrawal? Here's Who Owes Tax and How Boxes 1, 2, and 3 Work
IRS Form 1099-Q Box 1 is your total 529 distribution, Box 2 the possibly taxable earnings, Box 3 tax-free basis — and tax follows the recipient's SSN.
Oregon's $1,000-Per-Job Hiring Credit: How Small Employers Apply for the QJCTC Before October 31
Oregon's QJCTC pays $1,000 per net new job, up to $10,000, in seven industries — but 2026 applications close October 31 and certification comes first.
Hawaii's Enterprise Zone Program Just Opened to Retail, Health Care, and IT: Is Your Small Business Now Eligible?
Hawaii's Act 182 opens 7-year enterprise zone tax breaks — full GET exemption plus an 80% income tax credit — to retail, health care, and IT firms in-zone.
Paying for College With Savings Bonds? How the Education Exclusion Makes EE and I Bond Interest Tax-Free
EE and I bond interest is federal-tax-free for college tuition — unless the bonds were ever in your child's name. Form 8815 rules and 2026 limits.
Washington's Small-Business B&O Tax Credit Is Set to More Than Double in 2029 — If Its Funding Survives
Washington's small-business B&O credit rises to $375/$125 monthly in 2029 — unless voters repeal its funding on Nov 3 or courts strike it.
Dyed Diesel and Off-Road Fuel: What You Can Legally Burn, How Dye Testing Catches Violations, and the $1,000-or-$10-Per-Gallon Penalty
Dyed diesel in a highway vehicle costs the greater of $1,000 or $10 per gallon under IRS rules. Know the legal off-road uses and reclaim tax with Form 4136.
Luxembourg's 2026 Tax Package: The 20% Start-Up Credit, Higher Pension Bills, and the VAT Bar You Operate Under
Luxembourg's 2026 package adds a 20% start-up investor credit, lifts pension contributions to 8.5% each, and keeps the €50,000 VAT SME exemption.
IRS Letter 12C: Why Your Return Is On Hold and How to Respond in 20 Days
IRS Letter 12C is a processing hold, not an audit — fax or mail the requested forms within 20 days and skip Form 1040-X; refunds follow in 6–8 weeks.