The proposal also calls for expanding the EITC to workers ages 65 and 66 — currently ineligible for the tax credit. It is projected to affect about 300,000 workers in the older age group.

The GOP bill adds hurdles for EITC recipients, hitting low-income families hardest while preserving tax breaks for the rich.

As Congress sends its latest tax proposal to President Donald J. Trump, both the House and Senate versions of the One Big ...

Blawnox firefighters may soon get a tax break. Borough officials are drafting an ordinance that could slash hundreds of dollars from their earned income tax. There are many details that still need ...

The 'One Big Beautiful Bill' (OBBB) is a cornerstone of President Donald Trump's domestic agenda. This legislative proposal aims to consolidate various tax cuts, including the permanence of the 2017 ...

If enacted as written, the House-approved measure would require precertification for each qualifying child for filers claiming the so-called earned income tax credit, or EITC, starting in 2028.

Homeowners tax credit bill killed, no relief for low-income homeowners by: Ashley Hamilton Posted: Jun 10, 2025 / 04:31 PM CDT Updated: Jun 11, 2025 / 08:37 AM CDT ...

A tax credit viewed as crucial to saving Downtown was renewed, and a new incentive to lure companies to the Big Apple from out of state established for the first time, in a down-to-the wire vote ...

The request for a five-year, additional 0.75% earned income tax for five years for the Union Twp. school was approved by a 54.4 to 45.6 percent ratio.

• 113,700 working families who depend on the Child or Earned Income Tax Credits to help cover child care, school supplies and transportation. These are not handouts. They are lifelines.

However, the IRS usually taxes that money. If tips are part of your pay, the federal tax agency treats every dollar you receive, whether left on the table in cash or added to a credit card receipt ...

The low-income housing tax credit has become an entitlement for home builders. Congress enacted the credit as part of the 1986 tax reform to mitigate the blow from extending the write-off period ...