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The earned income tax credit, or EITC ... depends on your filing status and your adjusted gross income. It can be confusing: According to the IRS, nearly 20% of eligible taxpayers don't claim ...
The federal government helps defray at least some small portion of those costs with the child and dependent care credit, ...
Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.
The earned income tax credit (EITC) is a federal tax break ... The amount you get will depend on your adjusted gross income, the amount of investment income earned, your filing status, and whether ...
You must have what qualifies as earned income and meet certain adjusted gross income (AGI) and credit limits. According to IRS statistics, in North Carolina, more than 800,000 workers and families ...
Your adjusted gross income is your earned income minus certain deductions. The 2025 earned income tax credit is claimed on taxes that are due in 2026. The credit amounts max out at $649 ...
Who qualifies for the Earned Income Tax Credit? Adjusted gross income (AGI) is used to determine eligibility for the EITC. AGI is all of your earned and unearned income for the year minus certain ...
For the tax year 2024, the some portion of the earned income tax credit is available for filers with three or more qualifying children with an adjusted gross income up to $59,899 if single and $ ...
Adjusted gross income is a tax term everyone should understand. Also known as AGI, it has ramifications that extend beyond the tax season. “People are asking you all the time for your adjusted ...
Tax credits: AGI is used to assess your eligibility for various tax credits, such as the child tax credit, the earned income tax credit, and education-related tax credits. Retirement account ...
The earned income tax credit is only available if your adjusted gross income (AGI) doesn’t exceed certain limits, some of which are based on your filing status and the number of qualifying ...