IRS software compares these tax forms to your return, and it can be "flagged for audit" when there's a mismatch, explained Elizabeth Young, director of tax practice and ethics for the American ...

The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...

Someone who does not have children, for example, can qualify for up $632 for the federal earned income tax credit on their 2024 federal income tax returns, if their income is low enough.

Most people who are eligible for tax credits claim them. Direct File — the IRS’ online tool for filing tax returns — could get more eligible filers to claim EITCs and CTCs.

Beyond the federal EITC, certain states offer their own credits to further support residents. California, for example, provides the California Earned Income Tax Credit (CalEITC) and the Young ...

Low-income tax filers and families should especially take a close look at tax credits while they file their tax returns. The ...

If your child can file a joint return with another person (for example, their husband or wife), you cannot claim them on your tax return for the EITC. If you don’t have a qualifying child ...

While adding to your family is an exciting time, a new child also creates some costs you'll want to offset whenever possible. One money-saving move involves revisiting your tax situation. If ...

We test and rate the best online tax services to help you find the best one for filing quickly and accurately—and for getting ...

April 15 is the filing deadline for 2024 federal income tax returns for most people. Others in states hit by disasters have until May 1 or Oct. 15. Already filed your taxes? Here’s how much you can ...