The IRS brings good news for taxpayers: those eligible for the Earned Income Tax Credit (EITC) can enjoy significant tax ...

A tax credit directly reduces your tax liability on a dollar-for-dollar basis. This makes it a better option than a tax ...

Some give the impression America has been in perpetual crisis since at least the 1970s. It has not been, and Congress should ...

Some home improvements are tax deductible, but the IRS has strict rules about which are eligible. Find out if your project or ...

Must also qualify for the state's Earned Income Tax Credit. Colorado: Up to $3,200 per qualifying dependent under the age of 16, refundable. Exact amount will vary based on income, filing status ...

The tax brackets you fall into determine much you owe the IRS at tax time. For tax year 2024 (filing in 2025), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. That will remain the ...

The reason Social Security can't go bankrupt or become insolvent is its primary source of funding: the 12.4% payroll tax on earned income. "Earned income" includes wages and salary, but not ...

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 IRS recently announced that its Free File Guided Tax Software will be available for taxpayers beginning Jan. 10, ahead of the official opening of tax filing season later in January. Available ...

While plenty of people love earning points and miles with credit cards, there’s a hidden secret many rewards enthusiasts don’t like to share. The fact is, some consumers who earn rewards also ...

The Child Tax Credit for 2024 is a tax benefit that provides financial relief to families with qualifying dependent children.