SPECIAL REPORT: Claim More Tax Benefits and Steer Clear of the IRS In 2024 and Beyond

2023 Child Tax Credit: Who Qualifies and What It s Worth | 2023 and 2024 Tax Brackets and Federal Income Tax Rates | What You Can Do Now to Avoid Paying Higher Taxes in 2026 Created for {EMAIL} | [Web Version]( December 15, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( Kiplinger Today [SIGN UP]( ⋅ [SHARE]( [] Top Story [] [2023 Child Tax Credit: Who Qualifies and What It’s Worth]( [2023 Child Tax Credit: Who Qualifies and What It s Worth]( (Getty Images) Kiplinger has a weekly newsletter [Tax Tips]( that discusses much of our tax content but we thought we could give you an early preview breaking down what you need to know tax wise for next year and beyond... Eligible caregivers can see their tax liability reduced thanks to the child tax credit, but a key word there is “eligible.” Plus, even those who do qualify will get different amounts based on number of dependents, income, filing status, and more. [Here’s exactly what to know about how this credit can affect the amount you owe or a potential refund](. [] Income Tax [] [2023 and 2024 Tax Brackets and Federal Income Tax Rates]( [2023 and 2024 Tax Brackets and Federal Income Tax Rates]( (Getty Images) The end of the year isn’t just a great time to look back at what you’ll need for this tax season: It’s also a good time to prepare further ahead. Get a breakdown of what your tax bracket for both 2023 and 2024 is, how your income will be affected, and more, so you’ll be [fully ready for anything tax season throws at you](. [Laser Photonics: A Cutting-Edge Company Positioned for Growth]( The laser technology of tomorrow is an exciting stock for today and a high-return stock for the future. Tech adopted by the U.S. Navy, General Electric, Daimler, and a host of other Fortune 500 and 1000 companies. View our investor information. [LEARN MORE]( ADVERTISEMENT [] Financial Planning [] [What You Can Do Now to Avoid Paying Higher Taxes in 2026]( [What You Can Do Now to Avoid Paying Higher Taxes in 2026]( (Getty Images) Yes, taking care of 2023 taxes and prepping for 2024 taxes is what’s going to primarily be on your mind right now. However, there will be tax rate changes in 2026, and preparing for that now can help you out financially in the future. [There’s a lot you can do]( — and your accounts will thank you. [] Smart Tax Deductions [] [Home Office Tax Deduction: Work-from-Home Write-Offs for 2023]( [Home Office Tax Deduction: Work-from-Home Write-Offs for 2023]( (Getty Images) Many, many people work from their home office at least part of the time now, but that doesn’t necessarily mean you’re eligible for the home office tax deduction. However, if you can get a work-from-home writeoff, you stand to save valuable money in taxes, so [it’s worth looking into what you can get](. [] Tax Credits [] [Save More with Tax Credits for Energy-Efficient Home Improvements]( Tax credits for energy-efficient home improvements are extended and expanded because of the Inflation Reduction Act. [Read More]( [Investing In Laser Photonics is Investing in Good Company]( Our industry-disrupting products are valued by Bank of America, The Vanguard Group, Morgan Stanley, and a myriad of others. Why? We deliver cost-effective, efficient, and safe industrial laser technology. View our investor information. [LEARN MORE]( ADVERTISEMENT [] In Case You Missed It [] [How to Earn Tax-Free Rental Income — Legally]( If you own real estate, your rental income needs to be reported on your federal income tax return. But did you know there is a legal way to earn tax-free rental income? [Read More]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. 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