News

Study shows expanded child tax credit helped middle-class families pay energy bills, but not the poorest
A new study from UCLA Health shows that the 2021 expanded Child Tax Credit helped prevent energy insecurity among ...
Axios on MSN19h
Tax bill would make key credit harder to get for millions of low-income families, senators warn
Buried in the "big, beautiful bill" is a provision that would require low-income Americans to pre-certify to get the Earned ...
USA Today3d
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 ...
CBS News21d
Social Security recipients were hoping for a tax break — they're unlikely to get one. Here's why.
One tax break that isn't in the bill: Mr. Trump's suggestion last year that seniors shouldn't have to pay income taxes on Social Security benefits. "Seniors should not pay taxes on Social Security ...
Gizmodo21d
Solar Tax Credits Are on the Chopping Block—Install Soon or Pay the Price
For the last two decades, homeowners have been able to claim thousands of dollars in federal tax credits to help offset the high upfront costs of going solar. Things were supposed to stay that way ...
The New York Times21d
G.O.P. Tax Bill May Hurt the Lowest Earners and Help the Richest
Economists found that many Americans who make less than $51,000 a year would see their after-tax income fall as a result of the Republican proposal beginning in 2026. The Penn Wharton estimate ...
Newsweek23d
Is No Tax on Social Security in GOP House Bill? What to Know
Currently, up to 85 percent of Social Security benefits can be subject to federal income tax, depending on total income. Some 40 percent of benefit recipients currently pay federal income taxes on ...
Associated Press23d
House Republicans target clean energy tax credits and pollution rules in budget proposal
(AP Photo/Charlie Riedel, File) WASHINGTON (AP) — House Republicans are calling for billions of dollars in funding cuts for Biden-era climate and environmental programs, including clean energy tax ...
Washington Examiner25d
GOP tax writers would raise cap on SALT deductions to $30,000 but set income limit
Gas prices expected to increase slightly ahead of Memorial Day weekend People making over $100,000 now considered low-income in several California counties Trump's No Tax on Tips Act: What to know ...
Deadline.com26d
Show Us The Money: When Can Productions Expect To Reap Benefits Of California’s Proposed $750M Film & TV Tax Credit Expansion?
Amid the swirl of the Trump administration’s nascent plans to “Make Hollywood Great Again,” California is on the verge of revamping its Film & TV Tax Credit Program in the hopes of ...
Hosted on MSN27d
How California State Income Tax Works: Brackets, Deductions and Credits Explained
If you owe $10,000 in taxes and receive a $1,000 tax credit, you’ll only owe $9,000. Wondering how to calculate your California State income tax? Follow these step-by-step guidelines ...
The Hollywood Reporter28d
New York Increases Film and TV Tax Credits to $800 Million to Compete for Hollywood Projects
The changes include the creation of a separate $100 million pool for independent productions and a sweetener for productions that frequently shoot in New York. By Winston Cho New York Gov. Kathy ...