The Internal Revenue Service is reminding tax filers about a key credit worth up to $7,830. The federal Earned Income Tax Credit is designed for low to moderate-income wage earners and is fully ...

Vide Finance Act 2022, taxation of virtual digital assets (VDA) has been introduced in the Income-tax Act, 1961 (‘the Act’), under section 115BBH of the Act in which the transfer of VDA is to be taxed ...

Lauding the new tax regime, PM Modi said that his government seeks to put more money in the pockets of people, increase ...

Many people don't know they may qualify for the earned income tax credit and get up to $7,830 for some families. Here's how ...

Note: Different income limits apply to each filing status depending ... note that if you claimed either the EITC or additional child tax credit, the IRS cannot issue your refund before mid-February.

Tax season has officially opened. Starting Monday, tax returns can be filed for 2024 income. This year the Internal Revenue ...

Tax rebates provide a quick reimbursement from the IRS, based on money you spend on qualifying purchases. There aren't ...

A tax credit directly reduces your tax liability on a dollar-for-dollar basis. This makes it a better option than a tax ...

A month before IRS Commissioner Danny Werfel resigned Jan. 20, he announced a plan to get stimulus cash to 1 million taxpayers. Who's getting money?

Taking time to learn about key tax credits and deductions can help you save hundreds of dollars or more each year.

Unchanged for 2025 are the limits on how well off you can be to still claim the new-car credit. To qualify, your household income (the “adjusted gross income” on line 11 of your tax return ...

Democrats temporarily expanded the child tax credit in 2021 and removed work requirements — meaning that there was no income threshold to receive the credit. Moore’s bill sets the income ...