IRS-certified accounting students from the School of Management will once again provide free tax preparation services to individuals and families with annual income of $67,000 or less.

Do you need to pay taxes on credit card referral bonuses, sign-up bonuses or bank account opening bonuses? Let's find out.

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

Lawmakers will consider a bill to increase the state excise tax and wipe out the state income tax for most residents.

The Illinois Earned Income Tax Credit (EITC) is a benefit for working people with low to moderate income. To claim an Illinois EITC for tax year 2024 (tax returns due in 2025), taxpayers must file an ...

The earned income tax credit and additional child tax credit are “refundable,” meaning filers can claim a refund without tax ...

The Internal Revenue Service and partners around the nation recently celebrated the 50th anniversary of the Earned Income Tax Credit (EITC) with the launch of this year’s Earned Income Tax Credit ...

As tax season kicks off, millions of Americans are preparing to file their returns. With the potential to significantly ...

As tax season approaches, Illinois residents are encouraged to explore potential tax credits that could reduce their tax ...

In the spirit of National Earned Income Tax Credit Awareness Day, local officials launched a free tax prep campaign in Los Angeles for low- to moderate-income individuals who earn up […] ...

Announced Monday, the governor introduced an idea for a statewide child tax credit that would involve raising the cigarette tax and still need to be approved by state lawmakers. The new credit would ...

“The most common mistake that you’ll see is that a taxpayer will go to an accountant or go to do their taxes through a ...