As Republicans work to draft tax legislation for the 2025 federal budget package, lawmakers have introduced bipartisan legislation to eliminate the age cap on eligibility for ...

Changes to taxation system include lowering the top tax rate, raising the income threshold for the lower rate, and expanding ...

Tax credits are subtracted directly from the tax you owe, helping you cut down your overall tax bill. Tax deductions also ...

Tax breaks could soon be coming to Montanans, but not in the form of property tax relief — at least not yet. Instead, the ...

CNET's Best Tax Software for 2025. Learn about all the potential tax credits this year to maximize your tax refund. For more tax tips, see all the ways that your house ...

During tax season, many eagerly await their refunds, but those claiming the Additional Child Tax Credit (ACTC) and Earned ...

The Earned Income Tax Credit (EITC) helps reduce poverty for working American families by providing a tax credit for qualified taxpayers. While the EITC has been around for 50 years, it’s still ...

if a taxpayer qualifies for a federal earned income tax credit of $1,000, they would receive a state EITC of 10% of that amount or about $100. If the taxpayer owes $30 in state income taxes ...

If you aren’t eligible for the earned income tax credit, or EITC ... think of overstating taxes on a tax form as a way of cheating, “but the way the EITC calculation works, there is actually ...

Unclaimed tax refunds 2021 could cost over a million Americans an average of $946 if they dont act before the April 15 deadline. The IRS is urging taxpayers to file their 2021 returns immediately to ...

Rep. Matthew Willard, D-Orleans, has filed a bill proposing to double the state’s Earned Income Tax Credit for low- and moderate-income families. Currently, Louisiana taxpayers receive a state EITC ...