Councilman Randy Niemeyer believes Lake County's 1.5% income tax rate could be reduced to 0.5% or less as soon as 2028 with little impact to government services.

Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the ...

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 ...

Many who overlook the earned income tax credit end up leaving good money on the table by not filing a tax return to claim the credit. The IRS estimates that 1 in 5 eligible taxpayers miss out on ...

The maximum earned income credit for 2025 (tax returns normally filed in early 2026) is currently $7.830. For more information, see Kiplinger’s report on the 2025 EITC and other popular family ...

JERSEY CITY, N.J., Jan. 31, 2025 /PRNewswire/ -- Today is Earned Income Tax Credit (EITC) Awareness Day and Jackson Hewitt Tax Services® has teamed up with the IRS to remind taxpayers about this ...

For the 2023 tax year, more than 653,000 recipients received the Michigan earned income tax credit with an average credit at $836. More information about Michigan EITC can be found at michigan.gov ...

The Earned Income Credit, also known as EIC, is a refundable tax credit for low to moderate-income working individuals and families. TRAVERSE CITY, MI, UNITED STATES, October 5, 2024 /EINPresswire ...