The child tax credit is always one of the most popular credits claimed during tax season, but there are some things you ...

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

Workers who are paid low wages − and in many cases are trying to raise children on overstretched paychecks − can qualify for ...

The earned income tax credit and additional child tax credit are “refundable,” meaning filers can claim a refund without tax ...

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

The IRS estimates one in five eligible taxpayers don’t claim the earned income tax credit on their tax returns, missing out on thousands of dollars.

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

The Earned Income Tax Credit is a federal tax benefit for workers with low or moderate incomes, regardless of whether they ...

A nonrefundable credit can reduce your tax liability to zero but not below that. Refundable credits can reduce your liability ...

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

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.

Federal tax credits have played a significant role in making cleaner transportation more affordable, offering up to $7,500 in savings for eligible EVs. These credits depend on factors like battery ...