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IRS Updates Earned Income Tax Credit for 2025: More Families Eligible for Higher Credits
The Earned Income Tax Credit (EITC) helps reduce poverty for working American families by providing a tax credit for qualified taxpayers. While the EITC has been around for 50 years, it's still one ...
IRS employees accept OPM federal worker buyout. How could the 2025 tax season be affected?
About 75,000 federal workers took a buyout deal from the Trump administration. The terms are different for some IRS employees. Learn more here.
IRS Seeks to Cut Down on The Gap's $52 Million Tax Challenge
Clothing and accessories retailer The Gap Inc. overstated its $52 million tax credit claim because the company sought a refund for periods over which the US Tax Court lacks jurisdiction, the IRS said.
Tax deductions and credits may boost your refund. Which ones are available to new filers?
If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take.
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Worker credits to increase in 2025: IRS
The IRS is set to increase the Earned Income Tax Credit (EITC) for the 2025 tax year, offering enhanced financial support to ...
The Tax Credit Worth $7,830 That Often Goes Unclaimed
The Earned Income Tax Credit (EITC) is a federal tax incentive aimed at supporting low-to-moderate-income workers.
Saver’s Tax Credit: A Retirement Savings Incentive
The saver’s tax credit helps people who earn modest incomes save more for retirement. Learn whether you qualify for it and the advantages it can provide.
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Types of Income the IRS Doesn't Tax: What to Know for 2025
A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...