The IRS is set to increase the Earned Income Tax Credit (EITC) for the 2025 tax year, offering enhanced financial support to ...

To qualify for the EITC, you must have under $11,600 in investment income and earn less than a specific income level from wor ...

(NEXSTAR) – There is a sizable tax credit for low- and moderate-income families, but the IRS estimates a fifth of eligible ...

IRS processed 15.8% fewer income tax returns in the first week of the 2025 tax season than it did a year ago. Why? What does that mean for refunds?

The child tax credit provides big benefits for families with children, but you may have to wait a bit longer for your tax ...

The Illinois Earned Income Tax Credit (EITC) is a benefit for working people with low to moderate income. To claim an Illinois EITC for tax year 2024 (tax returns due in 2025), taxpayers must file an ...

While adding to your family is an exciting time, a new child also creates some costs you'll want to offset whenever possible. One money-saving move involves revisiting your tax situation. If ...

Local income taxes can be an important progressive revenue raiser, as they ask more of higher-income households and are ...

Any taxpayer can create a free ID.me account to see what forms they should expect to receive this year, since anyone issuing a W-2 or 1099 will also issue a copy to the IRS. Employees receive a W-2, ...

Learn what happens if you don't file your taxes. Discover the consequences, penalties, and how to address unfiled tax returns ...

Thousands of Illinois residents who are eligible for tax credits didn’t claim them last year, resulting in $4 million in ...

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