Category: Government Rebates and Payments

Is Your Adult Child’s Health Coverage Really Tax-Free? Yes — Here’s How It Works

If you're covering an adult child on your employer health plan, you might assume there's some tax catch — extra income to report, a benefit that phases out, something. There isn't. This has been settled, stable federal law for well over a decade, and it's worth understanding clearly since it's…

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2026-2027 Earned Income Tax Credit (EITC) Income Limits and Qualification Rules

The Earned Income Tax Credit (EITC) is the largest refundable federal tax credit for working families and individuals. For tax year 2026 — the income you'll report on the return you file in early 2027 — the maximum credit rises to $8,231 for families with three or more qualifying children.…

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First-Time Homebuyer Tax Credit — Is There One in 2026?

Short answer: there is no active federal first-time homebuyer tax credit for 2026. If you're searching for this because you've heard about a "$15,000 homebuyer credit," you're likely thinking of a proposal from the Biden administration's housing agenda that was floated but never passed Congress. It's not law today, though…

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