It appears that the flood gates have opened and that the IRS is finally processing and paying claims for the employee retention credit (ERC) en ...

As Republicans work to draft tax legislation for the 2025 federal budget package, lawmakers have introduced bipartisan legislation to eliminate the age cap on eligibility for ...

The IRS estimates that one in five eligible taxpayers don't apply this important tax credit to their filing every year, ...

And, depending on your income, you may qualify for the retirement saver’s tax credit, which can reduce your tax liability by up to $1,000 per person. “The saver’s credit is something you can ...

“The child tax credit is virtually essential to making America the kind of place we’ve always wanted it to be,” Senate Minority Leader Chuck Schumer said. Those lawmakers are also pushing to expand ...

If research is considered to be "funded research" within the meaning of Section 41(d)(4)(H) of the Tax Code, then it is not eligible for the research credit. Research is considered to be funded if ...

WASHINGTON - The Earned Income Tax Credit (EITC) has played a crucial role in helping millions of low-to-moderate income workers out of poverty. Saturday, March 29, 2025, marked the 50th ...

Earned Income Tax Credit: While the EITC isn't limited to families, taxpayers with children reap the biggest rewards. Designed for low- to moderate-income taxpayers, the EITC ranges from $600 to a ...

Clark-Shawnee school district voters will decide in the May 6 election whether to approve a school district earned income tax for the first time. The 1% income tax would not impact retirement ...

Different rules apply for higher-income taxpayers ... File penalty is 5% of the tax due for any month the return is late, less any tax paid on time and available credits, up to a maximum of ...