A MoneySense reader wants input on the tax implications of her investment withdrawals, but she can’t get a straight answer ...

The One Big Beautiful Bill extends tax cuts from Trump’s first term, implements new campaign proposals — including no taxes ...

Estimate your 2025 federal refund or bill using our free income tax calculator. Enter your income, age and filing status to get started. Annual gross income Think of this as your salary, or the ...

That means workers could claim the deduction when they file their taxes in early 2026 for income earned in 2025. However, the bill has to pass the House and be signed by President Trump to become law.

The proposed property tax is set at 1.76 mills, costing taxpayers approximately $123 annually for a home appraised at $200,000. The earned income tax is proposed at 0.25%, translating to $125 per ...

Also, proponents say they believe the state’s earned income tax credit, in place to help lower income people, would be used by more filers. The state’s credit would be capped at $200.

In total, 1,142,000 Americans could be owed tax refunds from 2021, according to the IRS. The deadline for filing a 2024 tax return is also April 15. The IRS will charge interest on any unpaid 2024 ...

Illinois expanded its earned income tax credit in 2024, giving low- to moderate-income workers a bigger break on their 2023 state income tax filing. But many taxpayers who receive the federal EITC ...

$4,400 or your earned income, up to $14,150, plus $3,550 For dependents who are married, a return must be filed if a spouse’s gross income was at least $5 and their partner files a separate ...

The Earned Income Tax Credit (EITC) ... EITC, you must have under $11,600 in investment income and earn less than a specific amount, which is outlined in the table below: ...

Many who overlook the earned income tax credit end up leaving good money on the table by not filing a tax return to claim the credit. The IRS estimates that 1 in 5 eligible taxpayers miss out on ...