A tax credit worth up to $7,830 often goes unclaimed: See who qualifies for the EITC
There is a sizable tax credit for low- and moderate-income families, but the IRS estimates a fifth of eligible taxpayers fail ...
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Who can claim the EITC in 2025?
The Earned Income Tax Credit (EITC) is a federal tax benefit designed to support low to moderate-income workers, regardless ...
IRS Updates Earned Income Tax Credit for 2025: More Families Eligible for Higher Credits
The Earned Income Tax Credit (EITC) helps reduce poverty for working American families by providing a tax credit for qualified taxpayers. While the EITC has been around for 50 years, it's still one ...
Nearly 1 in 5 eligible taxpayers miss this ‘valuable credit' worth thousands, IRS says
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.
Mint14d
NO income tax till ₹12 lakh: A look at the new tax slabs vs. current tax slabs
Income Tax 2025: Nirmala Sitharaman’s 2025 budget introduces a revamped tax structure, eliminating income tax for earnings up to Rs. 12 lakh. (REUTERS) Union Finance Minister Nirmala Sitharaman ...
rediff.com14d
New Income Tax Bill: What YOU Must KNOW
Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, founder and CEO, RightHorizons. Illustration: Dominic Xavier/Rediff.com ...
moneycontrol.com14d
Income Tax Slabs 2025 Live: Check New Tax Regime vs Old Tax Regime changes, tax liability, standard deductions and more
India's personal income tax structure has seen notable reforms since the Modi government took office in 2014, with successive budgets aimed at reducing the tax burden on middle-class taxpayers.
NDTV14d
Budget 2025 Live: New Income Tax Slabs - How Much Do You Save?
Under the new regime, there is no tax on income up to Rs 12 lakh, and no tax on income up to Rs 12.75 lakh for salaried people, due to the standard deduction of Rs 75,000. Follow Union Budget 2025 ...
Daily Mail14d
Americans can no longer put their hard-earned tax refunds into bond that protects from inflation
The Tax Time Savings Bonds program was launched in 2010 to give tax filers the ability to buy paper I-bonds using their tax refunds. However, on average, only 35,000 people used this program to ...
Zee Business14d
Budget 2025 HIGHLIGHTS | FY26 fiscal deficit goal of 4.4%, revised new regime income tax rules, Bihar focus in FM's 8th Budget speech
The finance minister says: "I am now happy to announce that there will be no income tax payable up to income of Rs 12 lakh (i.e. average income of Rs 1 lakh per month other than special rate income ...
as.com14d
Up to $7,830 IRS refund: eligibility requirements and who can receive it
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 ...
USA Today14d
This tax credit is worth up to $7,830 for some, but many don't claim it. Here's how to
The Earned Income Tax Credit (EITC) offers a refundable tax credit to low-income working individuals and families. Eligibility depends on income, filing status, and qualifying children ...