News

Child and dependent care credit: How it works, who qualifies and how much it’s worth
The federal government helps defray at least some small portion of those costs with the child and dependent care credit, ...
Modified adjusted gross income (MAGI): What it is, why it matters and how to calculate it
Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.
USA Today15d
Obama budget urges expanding earned income tax credit
WASHINGTON — President Obama's 2015 budget to be unveiled on Tuesday will include a proposal to expand the earned-income tax credit for 13.5 million low-income Americans by closing tax loopholes ...
Vermont Business Magazine25d
House passes tax plan to help low-income Vermonters and veterans
S.51 includes an expanded child tax credit, increases the earned income tax credit from 38% to 100%, increases income thresholds for retirees receiving Social Security and other pension income, a tax ...
Bloomberg L.P.29d
Volkswagen’s Key Brand Barely Earned Income in First Quarter
Volkswagen AG’s namesake brand hardly generated any returns in the first quarter after costs linked to European emissions rules and US tariffs weighed on results. VW’s operating margin fell to ...