Applications for the Working Families Tax Credit (WFTC) for the 2024 tax year are being accepted by the Department of Revenue ...

Scaled down because the earned income tax was shot down by a judge, but council is planning to vote soon on another EIT plan ...

Low-income families in the state could see a huge tax break next year. New Mexico legislators are considering a bill that would eliminate the state income tax for those ...

Early results from the IRS indicate that 7.7% fewer tax returns were filed in the first two weeks of the 2025 season. Why are ...

Tax credits tied to children and dependents are popular, but there are many restrictions. The IRS delays refunds on some ...

While the final bill still provided tax relief, these closed-door changes shifted the bulk of the benefits up the income scale to middle- and high-income earners,” said Devin Thomas, Hawaiʻi Appleseed ...

The IRS estimates that about 23 million eligible workers and families received about $57 billion in EITC nationwide when filing for 2023. The current income threshold for individuals who are eligible ...

There is a sizable tax credit for low- and moderate-income families, but the IRS estimates a fifth of eligible taxpayers fail to take advantage of the tax break each year. The Earned Income Tax Credit ...

STATEN ISLAND, N.Y. — Taxpayers this year could qualify for nearly $8,000 under the Earned Income Tax Credit, according to ...

IRS software compares these tax forms to your return, and it can be "flagged for audit" when there's a mismatch, explained ...

The Earned Income Tax Credit (EITC) is a federal tax benefit designed to support low to moderate-income workers, regardless ...

Early filing data reflects a nearly 8% downturn in tax returns received compared to the prior year. That’s on top of a 14% ...