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 ...

A Fort Collins dentist has been sentenced to federal prison for tax evasion after hiding more than $5 million from the IRS in ...

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 ...

The Earned Income Tax Credit (EITC) helps low- to moderate-income workers and families get a tax break. Those with qualifying children can receive up to $7,830 when claiming the EITC for tax year ...

The federal Earned Income Tax Credit is designed for low to moderate-income wage earners and is fully refundable, meaning even those who do not earn enough money to have taxes withheld are eligible.

The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out on claiming the credit.

The IRS estimates that one in five eligible taxpayers misses out on claiming the earned income tax credit, though it could be worth thousands of dollars. In the 2023 tax year, the average amount ...