“The most common mistake that you’ll see is that a taxpayer will go to an accountant or go to do their taxes through a ...

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 ...

Grandchildren and nieces or nephews are also eligible to be claimed as dependents for the EITC. To claim a child for the earned income tax credit, your child must live in the same home as you in ...

As the tax filing season begins, residents who are eligible for the Earned Income Tax Credit are reminded that Michigan’s EITC was boosted in 2023. Public Act 4 of 2023 expanded the Michigan EITC from ...

CNBC's Megan Casella joins 'Closing Bell Overtime' with breaking news on tariffs. The IRS says 1 in 5 eligible taxpayers miss ...

The Internal Revenue Service has launched a campaign highlighting a tax break for Massachusetts workers worth up to $7,830.

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 ...

Nearly 1 in 5 eligible taxpayers miss the earned income tax credit, which was worth an average of $2,743 in 2023, according to the IRS.