The Senate has passed its version of the One Big Beautiful Bill Act - with an expanded Child Tax Credit (CTC) for American ...

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 $400 or more. Dependents have their own filing thresholds based on income type. Filing late may mean a smaller refund if penalties ...

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

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

Buried in the "big, beautiful bill" is a provision that would require low-income Americans to pre-certify to get the Earned Income Tax ... got a $2,743 from the credit in 2023, per IRS data, the most ...

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 ...

The Internal Revenue Service started accepting income-tax returns on Jan. 27, opening the spigots of refund money shortly thereafter. But taxpayers who claimed the Earned Income Tax Credit or the ...

STATEN ISLAND, N.Y. — Taxpayers this year could qualify for nearly $8,000 under the Earned Income Tax Credit, according to the Internal Revenue Service (IRS). The credit, valued up to $7,830, is ...

Those with qualifying children can receive up to $7,830 when claiming the EITC for tax year 2024, the IRS said. The credit can be used to help reduce a filer’s owed taxes or increase their refund.