Local income taxes can be an important progressive revenue raiser, as they ask more of higher-income households and are ...

However, the state generated 75% more tax revenue for the entirety of 2024 ... Jan. 31, 2023: Rep. Bob Rita introduces an amendment to Illinois' Sports Wagering Act that would permit sports ...

However, the IRS also noted that many taxpayers who did file overlooked one or more tax credits they qualified for. You can claim tax credits for improving your primary home's energy. Your ...

AUSTIN (KXAN) — Six affordable housing developments recently received resolutions of support from the Austin City Council to apply for low-income housing tax credits (LIHTC) from the State of ...

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

Now it’s time to file a tax return and ... unclaimed refunds on the table. To ensure you get what you’re owed this year, take some time to research deductions and credits before you file ...

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 ...

Tax season officially begins Monday when the Internal Revenue Service (IRS) will begin accepting returns for the 2024 tax year, but taxpayers should be aware of deductions and credits that could ...

Tax season has started, and one of the most popular tax breaks for parents is the child tax credit (or CTC). More than 46 million taxpayers claim the CTC each year, according to the Bipartisan ...

Many who overlook the earned income tax credit end up leaving good money on the table by not filing a tax return to claim the credit. The IRS estimates that one in five eligible taxpayers misses out ...

A tax credit directly reduces your tax liability on a dollar-for-dollar basis. This makes it a better option than a tax deduction, which simply lowers your taxable income. In some cases ...