As inflation continues to strain household budgets, NYS Senator Patricia Fahy has reintroduced legislation aimed at expanding ...

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

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

For example, let’s say your child makes $1,500 mowing lawns. A parent, grandparent, or anyone else could contribute up to $1,500 into a Roth IRA. Again, it’s best to keep a reliable record of your ...

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 ...

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.

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

Izzy Englander’s Millennium Management earned more than $500 million from commodities investments last year, people familiar with the matter said, as the business develops after becoming a ...

For those who struggle with saving money, a financial expert offers three top tips that could lead to substantial savings quickly, "even if you have zero savings right now". Anna, a savvy money ...

As the tax filing season begins, residents who are eligible for the Earned Income Tax Credit are reminded that Michigan’s EITC was boosted in 2023. Public Act 4 of 2023 expanded the Michigan ...

The New York Department of Taxation and Finance urged New Yorkers to take advantage of valuable individual income tax credits, highlighting National Earned Income Tax Credit (EITC) Awareness Day. The ...