With tax season underway, here's what you need to know about tracking your tax refund and your new 2025 tax brackets.

Tax season in the United States is not just about fulfilling a fiscal obligation; it's a chance to tap into significant ...

The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...

At the crack of dawn on Tuesday, a Democratic-led Senate subcommittee rejected or delayed several of Gov. Glenn Youngkin’s ...

leveraging tax credits and maximizing itemized deductions. Or, if you’re really committed to paying less in taxes, you could move. In nine states, income isn’t taxed — allowing residents to hold onto ...

Free tax help is available for residents in Kenosha County through the AARP Foundation. Tax-Aide volunteers will be available ...

The future of the child tax credit and its value is now in the hands of the Republican majority in Congress, and a new expansion proposal is on the table. Thomas is a native of upstate New York ...

The program can compute the Earned Income Tax Credit and the Child Tax Credit, as well as the credit for other dependents. You can also claim a standard deduction, a deduction for student loan ...

That’s where consideration of private credit ... tax reporting (e.g., K-1s for LPs or 1099s for Interval Funds). Managing these can be complicated. Regular interest payments generate steady ...

including the Earned Income Tax Credit (EITC), which has a maximum amount in the 2024 fiscal year of $7,830. That amount will increase to $8,046 in FY 2025. The EITC helps low- to moderate-income ...

The actual credit is a percentage of those expenses. See IRS Publication 503 for the formulas. Having a child could make you eligible for the Earned Income Tax Credit. If you have one child and ...