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

A nonrefundable credit can reduce your tax liability to zero but not below that. Refundable credits can reduce your liability ...

The Internal Revenue Service has launched a campaign highlighting a tax break for Massachusetts workers worth up to $7,830.

The federal Earned Income Tax Credit is designed for low to moderate-income wage earners and is fully refundable, meaning ...

Community action agencies in Massachusetts called the state's expanded tax credits "powerful antipoverty tools" and they are ...

“Data and Transparency. To increase LIHTC data transparency, a new section was added (Sec. 801, and 801 (a) in the Senate ...

Banks are expected to gain from the income tax incentives announced in the Budget, as the resultant rise in disposable income ...

As the tax filing season begins, residents who are eligible for the Earned Income Tax Credit are reminded that Michigan’s EITC was boosted in 2023. Public Act 4 of 2023 expanded the Michigan EITC from ...

BISMARCK, N.D. (North Dakota Monitor) – House Bill 1335 would broaden North Dakotans’ eligibility for what is called the ...

Be it tax reforms under the new tax regime or exempting second property from tax for notional rental income are some of the key announcements made by Finance Minister Nirmala Sitharaman.

Nearly 1 in 5 eligible taxpayers miss the earned income tax credit, which was worth an average of $2,743 in 2023, according to the IRS.

Virginia Democrats have slammed the brakes on Gov. Glenn Youngkin’s push for tax cuts, rejecting most of his budget proposals ...