For 2025, families with three or more children can receive up to $8,046 through the credit. Single filers can claim the maximum amount with adjusted gross income up to $61,555, while married couples ...

President Donald Trump signed his "big beautiful" spending bill into law on July 4.

The 'One Big Beautiful Bill' (OBBB) is a cornerstone of President Donald Trump's domestic agenda. This legislative proposal aims to consolidate various tax cuts, including the permanence of the 2017 ...

In addition to a smaller boost in the child tax credit, the bill adds restrictions to the earned income tax credit (EITC), another tax break geared to help low-income workers.

Disclosures: TurboTax Free Edition is for Simple Form 1040 returns only (no schedules except for Earned Income Tax Credit, Child Tax Credit and Student Loan Interest). Roughly 37% of taxpayers ...

If tips are part of your pay, the federal tax agency treats every dollar you receive, whether left on the table in cash or added to a credit card receipt, as regular income.

Wages started to climb soon after Anthony Albanese’s election in 2022, but changes to the tax system meant people didn’t see most of that extra cash.

House Republicans also want to change the earned income tax credit, or EITC, which targets low- to middle-income individuals and families, to require precertification to qualify.

As another punishing summer edges into Karachi, a Stanford researcher and a former climate minister confront the same crisis—extreme heat—from opposite ends of Pakistan’s most populous city.

The end of the federal EV tax credit could impact your finances and the future of electric vehicle adoption. Here's why ...

There are just a few weeks left to tap federal programs that make purchasing an EV, heat pump, or solar panels more affordable.