President Trump's budget bill could make it much harder for working families to claim their biggest tax refund. The changes would require parents to jump through new hoops starting in 2028 before ...

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 ...

President Donald Trump’s “big beautiful” bill could make it harder to claim the earned income tax credit. Here’s who could be ...

CHARLOTTE, N.C. (WBTV) - As you file your taxes this year, you’ll want to consider claiming a credit that many eligible taxpayers do not take advantage of. It’s called the Earned Income Tax ...

The Senate unexpectedly passed the No Tax on Tips Act in a unanimous vote Tuesday, giving weight to the prospect of eliminating federal income tax on cash tips, which picked up political traction ...

You can’t use Direct File if you want to deduct IRA contributions. • Earned income tax credit. • Child tax credit. • Credit for other dependents. • Child and dependent care credit.

But with just over one week left in the 2025 session, one popular tax-cutting ... The credit would be gradually phased out above those income levels. For every $1,000 earned above those thresholds ...

Deductions help cut your taxes by reducing your taxable income. Tax credits, such as the earned income tax credit or child tax credit, can lower your effective tax rate. They provide a dollar-for ...

The free version covers Form 1040, the earned income tax credit, child tax credit, student loan interest deduction, and retirement plan distributions. The Deluxe version is for more complex ...

Disclosures: TurboTax Free Edition is for Simple Form 1040 returns only (no schedules except for Earned Income Tax Credit, Child Tax Credit and Student Loan Interest). Roughly 37% of taxpayers ...

Some people who earned a Purple Heart in the military – the decoration for service members who were wounded or killed in action – would qualify for a new income tax credit under the legislation.

Employer Benefit: The bill also expands a tax credit for certain businesses ... when they file their taxes in early 2026 for income earned in 2025. However, the bill has to pass the House and ...