Congress temporarily boosted the value of the Child Tax Credit (CTC) and expanded the maximum credit, for the first time, to ...

The reconciliation package currently under consideration in Congress—officially titled the 2025 One Big Beautiful Bill ...

Living overseas won’t let you off the hook from certain tax obligations, as you’re still required to file a tax return with ...

Many international partners and foreign corporations have expressed interest in purchasing large volumes of forest carbon ...

US Senate Bill Would Shrink Tax Credit for Biofuels Made From Foreign Feedstocks By Leah Douglas WASHINGTON (Reuters) -U.S. Senate Republicans on Monday proposed a tax bill that would extend a ...

By Leah DouglasThe House tax and spending bill passed in May also extends the tax credit, known as 45Z, through 2031, but bans most foreign feedstocks from being eligible for credits. Both the ...

The bill imposes early ends to almost all IRA renewable energy credits. Image: Gage Skidmore/Wikimedia Commons. The US House of Representatives has passed a bill slashing tax credit provisions for ...

Transferability allows project sponsors to transfer credits to a third party to reduce their tax burden. It’s unclear how seriously Ways and Means Chair Jason Smith (R-Mo.) and Speaker Mike ...

U.S. President Donald Trump's push to rebuild U.S. shipbuilding is finding rare bipartisan support from Americans, with 72% saying the U.S.

While the AMT limits certain deductions and credits, it does allow a portion of the foreign tax credit to reduce U.S. tax liability. However, specific rules govern how much of the credit applies ...

The U.S. is moving to curb imports of used cooking oil, preventing foreign supplies used to make biofuels from qualifying for a lucrative tax credit. In long-awaited guidance, U.S. Treasury ...

Corporate tax payable may be reduced by any available foreign tax credit (FTC) for the same period. Further, it is very well a part of the local law and can be claimed in the absence of a tax ...