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

The GOP bill adds hurdles for EITC recipients, hitting low-income families hardest while preserving tax breaks for the rich.

Additionally, self-employed individuals must file if they earned ... Tax Credit can still provide major benefits. Most taxpayers who file late in June 2025 and opt for direct deposit can expect to ...

Wondering why is my tax return so low this year? Learn the most common reasons for smaller refunds and steps you can take to ...

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

WASHINGTON — President Obama's 2015 budget to be unveiled on Tuesday will include a proposal to expand the earned-income tax credit for 13.5 million low-income Americans by closing tax loopholes ...

The former Republican congressman and auctioneer also had a brief career selling tax credits, including one that the I.R.S. said did not exist and another it said was rife with fraud.

To qualify, you need "earned income," or wages from work. The income phase-outs depend on your " qualifying children," based on four IRS tests.

Federal taxpayers who earn income not subject to withholding may need to make estimated tax payments during the year.

If tips were no longer counted as earned income, she could lose more than $5,000 in credits — far more than she’d gain from not paying tax on her tips. And remember, she’d still owe payroll ...

Buried in the "big, beautiful bill" is a provision that would require low-income ... of the tax credit i.e., the money they get back in their refunds. By the numbers: On average, eligible taxpayers ...