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 ...

It appears that the flood gates have opened and that the IRS is finally processing and paying claims for the employee retention credit (ERC) en ...

And, depending on your income, you may qualify for the retirement saver’s tax credit, which can reduce your tax liability by up to $1,000 per person. “The saver’s credit is something you can ...

“The child tax credit is virtually essential to making America the kind of place we’ve always wanted it to be,” Senate Minority Leader Chuck Schumer said. Those lawmakers are also pushing to expand ...

WASHINGTON - The Earned Income Tax Credit (EITC) has played a crucial role in helping millions of low-to-moderate income workers out of poverty. Saturday, March 29, 2025, marked the 50th ...

Clark-Shawnee school district voters will decide in the May 6 election whether to approve a school district earned income tax for the first time. The 1% income tax would not impact retirement ...

Parker said he would leave Parliament “enthusiastic” for New Zealand and the Labour Party. Labour MP David Parker maintains tax policy disputes within the party are not behind his decision to ...

A teen must file their own tax return if they have over $14,600 in earned income or over $1,300 in unearned income for tax year 2024. Minors and dependents with unearned income over $2,600 in a ...

Both tax credits and tax deductions can reduce the amount of tax you owe, but in different ways. In the simplest terms, a tax deduction reduces your taxable income — which could move you to a lower ...

Spain has reintroduced £8,500 electric car grants in the same week that Labour brought in “unfair ... comes in addition to a €3,000 income tax deduction if the new car costs less than ...

Earned income tax credits have also risen. For qualifying taxpayers who have three or more qualifying children, the tax year 2024 maximum Earned Income Tax Credit amount is $7,830. If you received ...