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 ...

Congress should reform the Earned Income Tax Credit and Child Tax Credit to be more pro-work and pro-family, eliminating ...

Twenty-three million families rely on the earned income tax credit for financial survival. New legislation could force them ...

Senate Republicans’ tax and spending cut bill makes many of the core elements of their 2017 tax cuts permanent but scales back additional cuts from what the House passed. The Senate Finance ...

Foreign tax credit is a key relief for Indian taxpayers with foreign income, but ambiguities in domestic laws and DTAAs remain. To avoid litigation, taxpayers must closely examine both domestic tax ...

Policymakers have a number of options they can use to support work, many of which would be particularly beneficial at a time ...

Senate Republicans have released their version of the tax legislation. It included some significant changes from the House ...

H.R. 1, the so-called “One Big Beautiful Bill Act” now before Congress, would make deep cuts to programs that keep our ...

Economic Security Illinois (ESIL) says Governor Pritzker’s signing of the Illinois state budget, which includes an expansion of the state’s child tax credit, is a ...

With interest rates still relatively high, even modest savings can generate income that pushes someone over the threshold, ...

"Traditionally, Form 26AS has been the go-to document for taxpayers. It is a tax passbook, reflecting the tax deducted at source (TDS) by employers or banks, advance tax payments, and any refunds ...