While adding to your family is an exciting time, a new child also creates some costs you'll want to offset whenever possible. One money-saving move involves revisiting your tax situation. If ...
The 2025 tax season is officially underway, with the IRS accepting 2024 tax returns as of January 18. If you're wondering ...
U.S. citizens should be aware of the potential financial boost from the IRS's Earned Income Tax Credit (EITC). This credit ...
Chicago Mayor Brandon Johnson continues to be noncommittal about testifying before a congressional committee regarding the ...
Thousands of Illinois residents who are eligible for tax credits didn’t claim them last year, resulting in $4 million in ...
Most people who are eligible for tax credits claim them. Direct File—the IRS’s online tool for filing tax returns—could get ...
The earned income tax credit has been around for nearly 50 years, and like the child tax credit, it's known as one of the nation’s best poverty-fighting programs for low- and moderate-income ...
Navigating the complexities of tax season can be daunting, especially when deciding between a tax deduction or a tax credit.
A nonrefundable credit can reduce your tax liability to zero but not below that. Refundable credits can reduce your liability ...
The federal Earned Income Tax Credit is designed for low to moderate-income wage earners and is fully refundable, meaning ...
The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...
Tax season is underway, and the IRS expects 140 million people will file returns by April 15. Here's what to know.