As tax season approaches, Illinois residents are encouraged to explore potential tax credits that could reduce their tax ...

In the spirit of National Earned Income Tax Credit Awareness Day, local officials launched a free tax prep campaign in Los Angeles for low- to moderate-income individuals who earn up […] ...

Some taxpayers may be eligible for a refundable credit of up to $8,000. Here are the requirements and how to apply.

Tax credits are often more valuable compared to deductions because they directly reduce your tax bill dollar-for-dollar.

Tax filing season has begun. The Internal Revenue Service has information for people who are already filing their returns.

Most people who are eligible for tax credits claim them. Direct File—the IRS’s online tool for filing tax returns—could get ...

To claim a child for the earned income tax credit, your child must live in the same home as you in the United States for more than half of the tax year. The U.S. includes the 50 states ...

CNBC's Megan Casella joins 'Closing Bell Overtime' with breaking news on tariffs. The IRS says 1 in 5 eligible taxpayers miss ...

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

And as people get started on their filings, the Internal Revenue Service (IRS) is urging taxpayers to get a closer look at an oft-overlooked — and potentially useful — tax credit.

As the 2025 tax season approaches, understanding the Earned Income Tax Credit (EITC) can significantly impact your tax return. With changes in credit amounts and eligibility criteria, it's crucial to ...

Plus: First-time filers, tax refund checks, new tax-related scams, IRS job rescissions, federal estate taxes, tax filing deadlines, industry updates, and more.