Tax Credits 2024. Tax credits end on 5 april 2025. Every taxpayer gets a tax credit for the basic personal amount, so any person can earn taxable income of $15,705 in 2024 without paying any federal tax, and can earn.
For the 2024 tax year, taxpayers are eligible for a credit of up to $2,000 โ and $1,700 of that. People should understand which credits and deductions they can claim and the records they need to show their eligibility.
