The Earned Income Tax Credit (EITC) is a federal tax incentive aimed at supporting low-to-moderate-income workers.

According to an update from the IRS, the agency has received more than 13 million returns through Jan. 31, 2025, five days ...

WASHINGTON — The Internal Revenue Service and partners around the nation today celebrated the 50th anniversary of the Earned ...

If you are a low- or middle-income earner, you may be eligible for hundreds or even thousands of dollars in your 2024 tax ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

Some places in the U.S., including the District of Columbia and New York City, offer their own versions of the earned income credit applicable to folks who qualified for the federal tax break.

Public Act 4 of 2023 expanded the Michigan EITC from 6% of the federal EITC to 30%. This credit expansion is retroactive to the 2022 tax year. Even if you do not owe tax, both the Michigan EITC ...

Critics also argue that the Federal Reserve Bank violates the Constitution by being too closely tied to the private sector and lacking transparency and accountability. Some people are opposed to ...

Based on the results available so far, the Federal Statistical Office (Destatis) also reports that the consumer prices will decline by 0.2% on December 2024. The inflation rate excluding food and ...

The federal court ruled that the university had violated her First Amendment rights, affirming her right to free expression. How this student earned $250,000 for her racy tweets (Picture credit ...

Someone with one qualifying child and a lower income could qualify for up to $4,213 for the federal earned income credit. Or maybe, they lost a good paying job and now are struggling to get by ...