Members of the Puerto Rico Advisory Committee, thank you for today’s opportunity to testify on Puerto Rico’s inequitable ...

The IRS has issued more than 29.6 million individual income tax refunds through Feb. 21, up 2.3% from a year ago.

The largest tax credits are targeted at specific types of taxpayers. For example, the Earned Income Tax Credit awards tax credits to those with low earned incomes, while the American Opportunity ...

I de-risked my 2024 portfolio to a 30/70 equity to bond ratio, anticipating market disruptions from potential Trump policies.

A flood of 1099-K forms, for example, is hitting many people ... By law, the IRS can't issue refunds for returns that claim the earned income tax credit or the additional child tax credit before ...

And there is an Indiana Earned Income Credit (EIC ... is an abridged version of the Indiana income tax provisions. For example, the INDIANA format did not include information about Indiana ...

For example, someone who’s single with no qualifying ... you’ll need at least $2,500 in earned income unless you have three or more qualifying children. If you earned income from working ...

For example, this means a family with three ... a doubled Senior Circuit Breaker Tax Credit and an increased Earned Income Tax Credit.

For example, if you owe $1,500 in taxes and qualify ... Common tax credits include: Note that some credits, like the CTC/ACTC or EITC, are tied to specific years and can’t be carried over ...

Taisacan said to qualify for the EITC, a person must have investments below $11,600. In regards to “nontraditional homes,” Taisacan said one example of this kind of household is a situation in which a ...

Simple Form 1040 returns only (no schedules except for earned income tax credit, child tax credit and ... W-2 and taking the standard deduction, for example — using tax software probably makes ...

Tax season 2025 is in full swing after opening on January 27 and taxpayers who have filed their returns and claimed the EITC want to know when the IRS will process their refund. To claim the Earned ...