New Tax Credits & Deductions

tax and accounting services
Kingdom Answers Your 2024 Tax Questions
January 17, 2024

We are pleased to announce that new tax credits and deductions are now available to taxpayers. These incentives are designed to help individuals and businesses reduce their tax burden and keep more of their hard-earned money. Some of the new tax credits and deductions include relief for student loan borrowers, expanded child tax credits, deductions for work-from-home expenses, energy-efficient home improvements, clean vehicle credits, deductions for medical expenses, and credits for hiring veterans and other qualified employees. Additionally, there are new tax credits available for small business owners and those who have made charitable donations. It is important for taxpayers to familiarize themselves with these new measures and take advantage of them when filing their taxes. We encourage all taxpayers to explore these new opportunities and take advantage of the savings they offer. For more information, please visit the irs.gov website or contact Kingdom today.