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 ...

The administration announced it was updating the modeling tool used to determine eligibility to claim the credit.

See: Butkus, Neva. “State Earned Income Tax Credits Support Families and Workers in 2024.” Institute on Taxation and Economic Policy. September 2024. [7] Whiten, Jon and Carl Davis. “Turning IRS ...

Wisconsin Republicans advocated on Tuesday for a bill to encourage filmmaking in Wisconsin through tax credits and a state film office. Another bill would declare that “gig workers” for app-ba ...

The plan "would primarily benefit middle- and higher-income families who, even after receiving a $2,000 CTC (child tax credit), still owe additional income taxes," said the Tax Policy Center.

Billy Long’s effort to promote the credit, along with his advocacy of a fraud-ridden pandemic-era tax break, was scrutinized during his Senate confirmation hearing. By Andrew Duehren Reporting ...

For a married couple filing jointly, the upper income limit is $110,000. The child tax credit starts to phase out after that. The budget also included money for “inflation refund” checks of up ...

the extension of the child tax credit would be a help to many families with children. Unlike tax deductions, which reduce your taxable income, tax credits are a dollar-for-dollar reduction of your ...

House Republicans want to end federal tax credits for buying ... are eligible for the credit if priced under $80,000, while regular cars must be under $55,000. Income limits also apply ...

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 ...

EXCLUSIVE — A House Republican is objecting to an expansion of tax credits for low-income housing included in major fiscal overhaul the party had hoped to advance this week, illustrating the ...