So much of America's economic news in 2025 has been driven by President Donald Trump's controversial tariffs. The president's ...

Congress is likely to pass a tax cut on tipped wages this year. What we know about President Donald Trump's "one, big, ...

Navigating the world of self-employment comes with its unique challenges, especially when it comes to proving your income.

Social Security benefits were once tax-free, but changes since 1985 mean that retirees with higher incomes might see a ...

Interest above a certain level earned on fixed deposits attracts tax deduction at source (TDS). Recurring deposits have also been brought under the net of TDS, effective 1 June 2015. But there is ...

If you're on a tight budget and hoping that your tax refund can give you a boost, the Earned Income Tax Credit could possibly add even more to that tax refund deposit. Not sure what the EITC is?

The tax credit for low- to moderate-income working individuals and families, known as the earned income tax credit, does not use the FPL guidelines. Instead, the IRS has an eligibility tool for ...

As of 2025, the median household income in Louisiana is $57,852. In addition to this, $38,568 is considered the lowest end of middle class income and $115,704 is considered the highest end of ...

The earned income tax credit, or EITC, is a tax break that can help low- to moderate-income working families save thousands at tax time. Whether you can claim, however, depends on your filing ...

An allowance for doing chores around the house isn’t considered earned income — neither is a cash gift. As with other IRAs, there are contribution limits. The limit for a Roth IRA for kids in ...